UK - In a letter to Railtrack, the Financial Services Authority (FSA) has backed the rail infrastructure firm's version of events leading up to its collapse with regard to past speculation about the state of the company's knowledge prior to the entry into administration, and as to whether there could have been inadequate disclosure to the market as to the company's financial position.
In the letter, the FSA said: “As you are aware, the Financial Services Authority in its capacity as the United Kingdom Listing Authority (UKLA) has been conducting preliminary inquiries in relation...
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