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<p>This Government takes the failure of London Capital & Finance (LCF) and its
impact on consumers very seriously. The independent investigation will seek to better
understand the circumstances around the collapse of LCF and make sure we are properly
protecting those who invest their money in the future.</p><p>It is essential that
the terms of the investigation are set in a way that ensures these objectives are
met and take into account any issues arising from current regulatory and enforcement
investigations. HM Treasury officials are working to develop these with the relevant
bodies as a matter of priority. Further details on this investigation, including the
appointment of the independent investigator, will be published shortly.</p>
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