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United Kingdom
2010 (16 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know UK Asset Resolution Limited (UKAR)
Company Information
Get to know UK Asset Resolution Limited (UKAR)
UK Asset Resolution Limited (UKAR) was established on 1 October 2010 to manage the closed mortgage books of Bradford & Bingley plc (B&B) and NRAM plc (formerly Northern Rock Asset Management) on behalf of HM Treasury. Its primary mission was to maximise value for the UK taxpayer by managing these assets effectively and repaying the government loans provided during the 2008 financial crisis. Having successfully completed the sale of all remaining mortgage assets by February 2021 and fully repaid the government loans, UKAR is now in a managed wind-down phase, continuing to manage its remaining liabilities and responsibilities.
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