Simplify Group Security Incident

13 November, 2021

A CLC team visited the offices of the Simplify group on Friday 12th November, following the serious security incident that was notified to us on the morning of Monday, 8th November. The CLC has been in close touch with Simplify all week. At this visit, the CLC team met the leadership of Simplify to review the steps they have taken to ensure transactions are completed and that client funds and data are protected. We are reassured by the progress Simplify has made to date and by their plans for the remaining recovery work, however we will continue to monitor the CLC-regulated practices to ensure that client interests continue to be secured and that the CLC’s own regulatory requirements are met.

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