Discussions over Amigo Loans revised Scheme of Arrangement have taken much longer than expected, with a revised proposal being submitted to the Independent Complaints Committee (ICC) on 12 November. Once agreed it must be shared with the FCA, who then need a reasonable amount of time to assess, management said on its earnings call, earlier this morning (29 November). A Practice Statement Letter is unlikely to be released until the New Year. The subsequent court process is likely to take several months, cautioned management, who added that a resumption of lending would only occur after the scheme had been approved.