The Financial Services Authority has today published a consultation paper in which it sets out proposals to increase substantially the penalties in enforcement cases as part of a new penalties framework. A significant proposal is the introduction of a minimum penalty of £ 100,000 in market abuse cases. The FSA also proposes to amend its Enforcement Guide in order to clarify that it may publicise enforcement action in criminal cases where proceedings have not yet commenced. For further information see: press release | newsletter | consultation paper | examples of how the new framework will operate | online response form |
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