The Financial Conduct Authority has, for the first time, used new powers to fine a sponsor: see here. A copy of the FCA's final notice is available here (pdf). The fine was imposed under section 88A of the Financial Services and Markets Act 2000, inserted in the 2000 Act by section 18 of the Financial Services Act 2012.
Thursday, 8 January 2015
UK: FCA uses new powers to fine sponsor
The Financial Conduct Authority has, for the first time, used new powers to fine a sponsor: see here. A copy of the FCA's final notice is available here (pdf). The fine was imposed under section 88A of the Financial Services and Markets Act 2000, inserted in the 2000 Act by section 18 of the Financial Services Act 2012.
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