Contis Financial Services Limited (CFSL), also known as Solaris EMI, entered special administration on January 30, 2025, the UK Financial Conduct Authority (FCA) has confirmed.
Joshua James Dwyer and Robert Spence of Interpath Limited have been appointed as Joint Special Administrators.
The Court decided to place CFSL into special administration on application by its directors. Joshua James Dwyer and Robert Spence of Interpath Limited were appointed as special administrators of CFSL.
CFSL is authorised by the FCA to issue e-money and provide payment services. E-money firms like CFSL appoint distributors to distribute and redeem e-money. CFSL remains responsible for the activities of its distributors.
The customers of the following distributor programmes are impacted by CFSL entering special administration:
CFSL transferred the distributor programme Engage to Suits Me Limited before it entered special administration….
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