Keydata placed in administration by FSA - update

Following an application to the Royal Courts of Justice by the UK Financial Services Authority (FSA), Dan Schwarzmann and Mark Batten of PricewaterhouseCoopers LLP (PWC) were appointed joint administrators after agreeing a voluntary arrangement with Keydata this morning only hours before the public statement was made by the FSA. The speed and the nature of the announcement by the FSA has caught most parties by surprise, notably the administrator which is asking callers on the phone number

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