ITI Capital Ltd entered special administration on September 25, 2026, according to the Financial Conduct Authority. Duncan Perring and David Soden of Teneo were appointed as special administrators. The FCA describes ITI Capital as an authorised brokerage that helped customers invest in shares and bonds and held investments for them. FCA: ITI Capital Ltd enters special administration
Follow the evidence
Trace how the event could reach markets, then inspect a competing explanation.
Compare explanations
Switch lenses to see what each account explains—and what remains uncertain.
Clients should preserve statements, trade confirmations, cash transfers, account identifiers and previous correspondence. Records can help compare the customer’s understanding with the administrator’s ledger. They do not create priority or ownership by themselves, and disputed positions may require additional legal review. Questions about the administration should go to contact details published by the appointed administrators or FCA. Complaints and claims against the firm should also be raised through that official process. A third-party claims service cannot accelerate an administrator’s legal duties merely by charging a fee. For other brokers, the event reinforces continuity planning. Custody records, reconciliations, transfer data and customer contact information need to remain usable when ordinary staff and systems are disrupted. This is a general operational lesson; it is not an additional FCA finding about ITI beyond the published notice.
Clients should preserve statements, trade confirmations, cash transfers, account identifiers and previous correspondence. Records can help compare the customer’s understanding with the administrator’s ledger. They do not create priority or ownership by themselves, and disputed positions may require additional legal review. Questions about the administration should go to contact details published by the appointed administrators or FCA. Complaints and claims against the firm should also be raised through that official process. A third-party claims service cannot accelerate an administrator’s legal duties merely by charging a fee. For other brokers, the event reinforces continuity planning. Custody records, reconciliations, transfer data and customer contact information need to remain usable when ordinary staff and systems are disrupted. This is a general operational lesson; it is not an additional FCA finding about ITI beyond the published notice.
The FCA warns that people have used the firm’s details in clone-firm scams. Clients receiving an unexpected call should end it and use independently verified contact details. A caller who knows an account number or loss amount is not automatically genuine; leaked or previously shared information can make impersonation persuasive. [cite:fca-iti-admin] Do not send passwords, one-time codes, seed phrases or extra money to release an account. Save suspicious messages and report them through official channels. If payment information may be compromised, contact the bank or card issuer using the number on the institution’s own site or card. The confirmed position on September 28 is that ITI Capital is in special administration and the appointed administrators are assessing the estate. The amount, form and timing of individual returns remain case-specific. Articles should be updated when the administrators publish a proposal, rather than filling the gap with estimates.
Court-appointed administrators now control the firm’s affairs
Special administration is a modified insolvency process for certain investment firms. The administrators aim to return client money and custody assets as soon as reasonably possible, engage with market infrastructure and authorities, and either rescue the firm or wind it up in creditors’ best interests. These are statutory objectives, not guaranteed outcomes for each account. FCA: ITI Capital Ltd enters special administration
The FCA says ITI Capital had agreed on August 10, 2025 to stop most regulated activity and stop accepting new client money or custody assets. The firm remains FCA regulated during the administration, but the administrators—not the regulator—manage the firm and decide how assets and claims are handled.
The official notice says administrators will assess money and assets held and write to clients within eight weeks explaining the intended return process and how to make a claim. That period is a communication timeline. It does not mean every account will be reconciled or paid within eight weeks.
Reconciliation depends on accurate ownership and transaction evidence
Clients should preserve statements, trade confirmations, cash transfers, account identifiers and previous correspondence. Records can help compare the customer’s understanding with the administrator’s ledger. They do not create priority or ownership by themselves, and disputed positions may require additional legal review.
Questions about the administration should go to contact details published by the appointed administrators or FCA. Complaints and claims against the firm should also be raised through that official process. A third-party claims service cannot accelerate an administrator’s legal duties merely by charging a fee.
For other brokers, the event reinforces continuity planning. Custody records, reconciliations, transfer data and customer contact information need to remain usable when ordinary staff and systems are disrupted. This is a general operational lesson; it is not an additional FCA finding about ITI beyond the published notice.
Verify every message because distressed firms attract impersonators
The FCA warns that people have used the firm’s details in clone-firm scams. Clients receiving an unexpected call should end it and use independently verified contact details. A caller who knows an account number or loss amount is not automatically genuine; leaked or previously shared information can make impersonation persuasive. FCA: ITI Capital Ltd enters special administration
Do not send passwords, one-time codes, seed phrases or extra money to release an account. Save suspicious messages and report them through official channels. If payment information may be compromised, contact the bank or card issuer using the number on the institution’s own site or card.
The confirmed position on September 28 is that ITI Capital is in special administration and the appointed administrators are assessing the estate. The amount, form and timing of individual returns remain case-specific. Articles should be updated when the administrators publish a proposal, rather than filling the gap with estimates.