What happens if ArchOver ceases to trade?

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The Finance Conduct Authority has approved ‘run off’ plans for all fully regulated platforms. ArchOver is part of the Hampden Group of companies. Hampden operates in the highly regulated Lloyds insurance market as well as owning a bank and numerous other firms. Hampden is contractually bound to ensure ArchOver remains operational and FCA regulated through the term of the loan book ‘run off’ to manage and protect both Lender and Borrower interests.