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Current Status


The London Stock Exchange has now completed its default procedures with respect to Pritchard Stockbrokers Limited. The Default Completion Report sent to the Financial Conduct Authority is attached below.

Pritchard Stockbrokers Limited Default Completion Report (pdffile pdf - 277 KB)

Phase 1 - Declaration

  • Declare Default
  • Stop Settlement
  • Request Data

Phase 2 - Data Collection and Reconcilation of on-Exchange market contracts

  • LSE trade report data collection
  • CSD data collection
  • Defaulter's data collection
  • Member firm counterparties data collection
  • Non member firm counterparties data collection
  • Conduct reconciliation
  • Issue verification emails and data extracts to conterparties and defaulter

Phase 3 - Issue Read Letters

  • LSE issue of read letters to member firm counterparties
  • Settlement of outstanding trades

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