Buy now pay later company Laybuy has confirmed that it will be removed from the official list of the Australian Securities Exchange on Friday, March 24. Shareholders voted to delist last month, accepting the company’s view that its low valuation, low liquidity, inability to raise capital and the high costs associated with listing made a presence on the ASX pointless. The company has set up a periodic share trading facility for New Zealand residents on the Catalist Public Marketplace and intends to extend access to the facility to non-NZ residents. After 15 years as chief executive of Credit Corp and a year as chief financial officer before that, Thomas Beregi is joining the company’s board. Credit Corp chair Eric Dodd announced yesterday that Beregi is now CEO and managing director. That’s quite a probationary period. There are no changes to remuneration or other contractual arrangements. The government has asked the Australian Financial Complaints Authority to set up the new body that will operate the Compensation Scheme of Last Resort. AFCA chief executive David Locke said the CSLR operator will be an AFCA subsidiary operating as a “separate and independent entity”, with its own board and separate industry funding arrangements. The CSLR bill was introduced into the House of Representatives earlier this month. Lender Metrics Credit Partners has moved to an 82.3 per cent holding in buy now pay later company Payright after taking up its full entitlement under the company’s latest capital raising. Since May last year, when it first got involved with Payright, Metrics has moved from a 9.5 per cent holding. It is now likely to mop up the minorities and delist the company, which it flagged last month.