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Chesnara update on legacy review

07 September 2017 09:25

Chesnara has noted the Financial Conduct Authority's announcement this morning relating to the closure of one of the investigations into the disclosure of exit and paid up fees announced on 3 March 2016.

Chesnara said that as reported in its half year results published on 31 August 2017: '….The investigation into how Countrywide Assured disclosed exit fees to customers, initially announced on 3 March 2016, is ongoing.

'We have provided the FCA with all information requested.

'Discussions are ongoing and given the narrow scope of the investigation we retain our opinion that the outcome from the investigation should not have a material impact on the company…'.

Chesnara said it continued to work with the FCA with the aim of bringing this investigation to a conclusion as quickly as possible.

At 9:25am: (LON:CSN) Chesnara PLC share price was -5.5p at 396p

Story provided by StockMarketWire.com

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