Trader default process update
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On 4 May 2021, the Authority triggered its trader default process after being alerted by the clearing manager that ID Power Ltd had defaulted on its prudential requirements.
On 21 May 2021, the clearing manager advised the default had been resolved. As such the Authority has discontinued the trader default process.
ID Power’s customers have been notified directly.
More information on the trader default process is available on our website.
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