Watchdog drops probe into TfL

摘要

The Financial Conduct Authority has dropped its investigation into whether Transport for London hid information about Crossrail delays from investors last summer. A statement TfL made to the London Stock Exchange, where its bonds are traded, on 24 July last year made no mention of a delay to the launch of Crossrail - which is running around two years late. The FCA considered a full investigation into the statement after a request from the London Assembly transport committee last October. The committee said it had emerged that TfL already knew the project would not open on time in July -despite the opening only being officially postponed on 31 August.