MF Global tests UK administration framework

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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MF Global tests UK administration framework

The Chapter 11 filing by broker-dealer MF Global in the US means that the UK's Special Administration Regime (SAR) will come in for its first test following the placing of the UK operations of the firm into administration. The regime was established in February and was designed in response to the chaos that followed the collapse of Lehman Brothers in 2008.

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