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FSA to hold confirmation hearing for Britannia transfer

The FSA has today announced that the confirmation hearing for the proposed transfer of Britannia Building Society business to Co-operative Bank will be held on June 26.

The hearing will take place at the FSA’s Canary Wharf office from 12 noon.

Interested parties will have an opportunity to make verbal representations if they have given the regulator notice of their intention to do so.

More than 20 people have submitted written representations to the FSA and two notices of intention to make verbal representations have been received.

At the end of the hearing the FSA says it will reserve judgement and will publish a written decision at a later date.

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