MF Global to return £778m to clients Representatives from KPMG will unveil plans to return the funds at the High Court on Friday, more than three months after the company's collapse. The administrator will also confirm the so-called "bar date" for claims to be submitted as February 29 using the powers granted to it under the Financial Services Authority's (FSA) new "Special Administration Regime" (SAR), which has been designed to speed up the return of assets to creditors. Richard Heis, joint administrator at KPMG, told The Telegraph: "The bar date is a unique feature of the special administration regime, allowing us to set a deadline for client claim submissions, which ultimately enables us to speed up the return of client assets. The setting of a bar date signifies an important milestone in the special administration of MF Global UK: we can now progress returning client assets in accordance with our distribution plan. The joint special administrators are working on the distribution plan and will make a further announcement setting out the detail of the plan. Updates on the return of client funds will come as a significant boost to clients and creditors at the company, who have been highly critical of the SAR.