TP ICAP Confirms Re-registration and Name Change

TP ICAP plc, a United Kingdom-based interdealer broker, confirmed its re-registration as a private limited company and has changed its name to TP ICAP Limited, effective March 8, 2021.

On 26 February 2021, the scheme of arrangement between TP ICAP Limited, formerly TP ICAP plc, incorporated under the laws of England and Wales with company no. 05807599 (the Company) and its shareholders, pursuant to which TP ICAP Group plc (incorporated in Jersey, with registered number 130617) was introduced as the new ultimate holding company for the group (the Scheme), became effective. 

Following the Scheme becoming effective, the Company has been re-registered as a private limited company and changed its name to TP ICAP Limited with effect from 8 March 2021.

As previously reported by Fazzaco, TP ICAP has posted its full year 2020 financial results​, showing a decline in its revenue and profits. The changes are expected to create a more capital efficient corporate structure that is set to provide greater financial flexibility.