UK City Credit Capital Limited (CCCUK) is a foreign exchange and contract for difference (CFDs) brand, has been operating in the industry for nearly two decades。However, according to the Financial Conduct Authority (FCA) disclosure,CCCUKhave fallen into insolvency。FCAsaid in a statement today (tuesday) that the brokerage firm had entered administration。FCAInsolvency consulting firm appointedBegbies Traynor (Central) LLP和AABRS Limited作为CCCUKof the joint administrator, and by theGary Paul Shankland、Jamie Taylor和Christopher AndersenLeadership Management。

The regulator said the move was made byCCCUKarising from the directors' application for bankruptcy management.。根据FCAregistration information,CCCUKThe CEO isRaymond Yip。However,FCAIt is not stated in the statementCCCUKCauses of bankruptcy。Although the regulator's registration information shows that the company provides online trading services to private investors, institutions, banks and brokerage firms, and applied to cancel its authorization.。The registration also shows that ，CCCUK使用CIX Markets和Markets Traderas transaction name。

FCAIn a statement, it said: "The joint administrator is responsible for handling theCCCUKclaims and, where possible, return funds to customers。Customers should receive more information soon, including details on how to make a claim。"

根据CCCUKAs of2021Year12month's financial report, its gross profit decreased from the previous fiscal year.41%。Gross profit is a measure of a company's profitability, determined by calculating the difference between the selling price of the product and the cost of production.。

FCA在在2023Year6Month20Day toCCCUKThe authority of the company is restricted and prohibited from carrying out any regulated activities.。The financial markets watchdog also asked the company to protect clients' funds and required it to post a notice on its website informing clients that they were no longer allowed to conduct regulated activities and that all client positions would be closed.。Finance MagnatesThe inspection shows that the company's website showsCCCUK"Trading stopped"。

CCCUKEstablished in2001Year12Month19Day, originally namedSmart Link Financial Services (UK) LimitedHowever, according to information from the UK Companies Registry, the company was2002Year10Month to stop using the name。