Brex Capital has its Financial Commission membership revoked two months after renaming

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Brex Capital had its membership revoked for repeatedly failing to comply with Financial Commission rules. The decision takes effect on 19 October and also applies to its predecessor, QRS Global. Clients will no longer be covered by the institution’s Compensation Fund, under which each eligible complaint could receive up to €20,000; the Commission did not specify the rules that were violated. The decision concerns dispute resolution and compensation mechanisms and does not affect its regulatory licence status.