The Financial Conduct Authority (FCA) has published Final Notices imposing financial penalties on Richard Adam and Zafar Khan, former group finance directors of Carillion plc, for being knowingly concerned in the company’s publication of misleading information to the market. The action relates to Carillion’s trading update issued in December 2016, prior to the company’s profit warning in July 2017 and subsequent liquidation.

The Financial Conduct Authority (FCA) has imposed a £123,500 fine on former chief supply chain officer at Wizz Air, András Sebők, for breaching Articles 19(1) and 19(11) of the UK Market Abuse Regulation (MAR). Sebők, acting in his capacity as a person discharging managerial responsibility (PDMR), traded the company's shares during restricted periods and failed to disclose his trades within the required timeframe. This is the first time the FCA has fined a PDMR for trading company shares during closed periods under Article 19(11) of MAR, and the second time it has fined a PDMR for failing to disclose personal trades under Article 19(1) of MAR.

The Financial Conduct Authority (FCA) has fined oil rig consultant Russel Gerrity £309,843 for using inside information to net himself £128,765. The FCA found Gerrity engaged in insider dealing in breach of Article 14(a) of the UK Market Abuse Regulation. Gerrity agreed to solve the matter and qualified for a 30% (stage 1) discount under the FCA’s settlement procedures. Were it not for this discount, the FCA would have imposed a financial penalty of £387,448.

Law360, London: The total value of fines handed out by the Financial Conduct Authority has plummeted 88% in 12 months, new data revealed on Monday, as the UK regulator eased off on huge penalties for corporations and focused instead on individual wrongdoing.

Law360, Expert analysis: David Claxton, barrister at Red Lion Chambers discusses the FCA finfluencer trial and the risks of social media promotion.

Law360: The Financial Conduct Authority (FCA) has sent out a fresh warning to financial services companies highlighting how some of them are failing to comply with the requirements in its Consumer Duty regime to protect retail customers from abuse and lost savings.

Law360, London: The Financial Conduct Authority (FCA) has revealed that payment services companies displayed inadequate risk management in every case it examined in a multi-company review.

In a speech at the JP Morgan Pensions and Savings Symposium 2025, the chief executive of the Financial Conduct Authority (FCA), Nikhil Rathi, confirmed that the FCA is prioritising the improvement of pension outcomes through initiatives like Targeted Support and pensions dashboards, aiming to shift focus from cost to long-term value. The FCA's new strategy includes helping consumers navigate their financial lives and building a healthier investment culture. The FCA is consulting on a new model to bridge the gap between generic guidance and regulated advice and is working on a Value for Money Framework to ensure transparency in pension returns and costs.

Southwark Crown Court has scheduled the Financial Conduct Authority's (FCA) criminal proceedings against John Dance, former WealthTek LLP principal partner, for September 2027. Dance pleaded not guilty on 24 February 2025 to three counts of fraud by abuse of position and three counts of fraud by false representation, relating to alleged misappropriation of £64m in customer funds between 2014—2023.

This Practice Note provides a detailed introduction to elements of the legal and regulatory framework designed to prevent fraud in financial services. It provides an overview of: • the role of the Financial Conduct Authority (FCA) and its requirements on financial services firms to have in place systems and controls to prevent fraud • common types of fraud in financial services, the FCA’s expectations on firms to prevent them • compensation and redress for fraud victims including through the mandatory reimbursement requirement for Authorised Push Payment (APP) fraud • the role of anti-fraud legislation and regulatory, payments sector and consumer protection initiatives • key actors involved in preventing fraud in financial services Overview As a global financial centre with an open economy, the UK is vulnerable to economic crime ranging from money laundering to fraud and market abuse. Fraud is often the predicate offence to money laundering and may also be linked to terrorist financing and cyber-enabled crime; frequently it is serious and organised. Fraud may involve both external and internal perpetrators—committing

MLex: The Financial Conduct Authority (FCA) has been granted permission by the Supreme Court to intervene in the landmark car-finance hearing that will define the future of the industry, after lenders came under increased scrutiny over the use of hidden commissions. The Finance & Leasing Association (a top trade group) was denied permission. The finance ministry was also denied permission.

The Financial Conduct Authority (FCA) has given a direction under regulation 67A(2) of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019, SI 2019/325.