This page contains information about fines published during the calendar year ending 2022. The total amount of fines so far is £215,834,156.
| Firm or individual fined | Date | Amount | Reason | ||
|---|---|---|---|---|---|
| TSB Bank Plc[1] | 20/12/2022 | £29,750,000 | This Final Notice refers to breaches of PRIN 2 related to failing to exercise due skill, care and diligence and PRIN 3 for not taking reasonable care in organising and controlling its affairs responsibly and effectively, with adequate risk management systems, in the retail banking sector. The FCA imposed a financial penalty of £29.75 million. | ||
| Metro Bank Plc[2] | 12/12/2022 | £10,002,300 | The Final Notice refers to breaches of Listing Rules 1.3.3R related to misleading information not to be published in the Retail Bank sector. We imposed a financial penalty. | ||
| Santander UK Plc[3] | 08/12/2022 | £107,793,300 | This Final Notice refers to breaches of PRIN 3 related to the risk of financial crime in the Retail Banking sector. We imposed a financial penalty. | ||
| BGC Brokers LP, GFI Securities Limited and GFI Brokers Limited[4] | 07/12/2022 | £4,775,200 | This Final Notice refers to breaches of Principle 3 of the FCA’s Principles for Businesses and Article 16(2) of the Market Abuse Regulation related to market protection and wholesale conduct in the Trading Firm sector. We imposed a financial penalty. | ||
| Pembrokeshire Mortgage Centre Limited[5] | 01/12/2022 | £2,354,331 | This Final Notice refers to breaches of Principles 3, 7 and 9 related to the provision of unsuitable defined benefit pension transfer advice in the pensions sector. We imposed a financial penalty. | ||
| Gatehouse Bank plc[6] | 12/10/22 | £1,584,100 | This Decision Notice refers to breaches of the Money Laundering Regulations 2007 related to financial crime in the Retail bank sector. A financial penalty has been imposed. | ||
| Sigma Broking Limited[7] | 04/10/2022 | £531,600 | This Final Notice refers to breaches of SUP 17, SUP 15, PRIN 3 and Article 16 of MAR related to market abuse and transaction reporting failures in the trading firm sector. We imposed a financial penalty. | ||
| Matthew Kent[8] | 04/10/2022 | £83,600 | This Final Notice refers to breaches of APER 7 related to the failure to ensure compliance with PRIN 3 in the trading firms sector, which led to further breaches of SUP 17, SUP 15 and Article 16 of MAR. We imposed a financial penalty. | ||
| Stephen Tomlin[9] | 04/10/2022 | £69,600 | This Final Notice refers to breaches of APER 7 and APER 6 related to the failure to ensure compliance oversight and compliance with PRIN 3 in the trading firms sector, which led to further breaches of SUP 17, SUP 15 and Article 16 of MAR. We imposed a financial penalty and prohibition. | ||
| Simon Tyson[10] | 04/10/2022 | £67,900 | This Final Notice refers to breaches of APER 7 related to the failure to ensure compliance with PRIN 3 in the trading firms sector, which led to further breaches of SUP 17, SUP 15 and Article 16 of MAR. We imposed a financial penalty and prohibition. | ||
| Citigroup Global Markets Limited[11] | 19/08/2022 | £12,553,800 | This Final Notice refers to breaches of Principle 2 of the FCA’s Principles for Businesses and Article 16(2) of the Market Abuse Regulation related to market protection and wholesale conduct in the Investment Banking and Trading Firm sector. We imposed a financial penalty. | ||
| Sir Christopher Gent[12] | 05/08/2022 | £80,000 | The Financial Conduct Authority has fined Sir Christopher Gent, former non-executive Chairman of ConvaTec Group Plc, £80,000 for unlawfully disclosing inside information. | ||
| The TJM Partnership Limited (Formerly known as Neovision Global Capital Limited) (In Liquidation)[13] | 15/07/2022 | £2,038,700 |
This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to the risk of financial crime in the trading firms sector. We imposed a financial penalty. |
||
| Ghana International Bank Plc[14] | 23/06/2022 | £5,829,900 | This Decision Notice refers to breaches of the Money Laundering Regulations 2007 related to financial crime in the Corporate Banks sector. We imposed a financial penalty. | ||
| JLT Specialty Limited[15] | 16/06/2022 | £7,881,700 | This Final Notice refers to breaches of PRIN 3 related to anti-bribery and corruption and financial crime in the general insurance and protection sector. We imposed a financial penalty. | ||
| TFS Loans Limited (in administration)[16] | 09/06/2022 | £811,900 | This Final Notice refers to breaches of the Principle 6 and 3 and CONC related to the unfair treatment of customers acting as guarantors in the consumer credit sector. A financial penalty has been imposed. | ||
| Andrew Mark Thomas Page[17] | 16/05/2022 | £361,071 | This Final Notice refers to breaches of APER 1 and FIT related to a lack of fitness/propriety, mis-selling and failing to be open and co-operative in the investment adviser and pensions sector. We imposed a prohibition and financial penalty. | ||
| 16/05/2022 | £199,939 | This Final Notice refers to breaches of APER 1 and FIT related to a lack of fitness/propriety and mis-selling in the investment adviser and pensions sector. We imposed a prohibition and financial penalty. | |||
|
16/05/2022 |
£482,718 | This Final Notice refers to breaches of section 63A FSMA and FIT related to a lack of fitness/propriety in the investment adviser and pensions sector. We imposed a prohibition and financial penalty. | |||
| Robert Ward[20] | 16/05/2022 | £88,100 | This Final Notice refers to breaches of APER 1 and FIT related to a lack of fitness/propriety, mis-selling and failing to be open and co-operative in the investment adviser and pensions sector. We imposed a prohibition and financial penalty. | ||
| William Mark Tristan Freer (Tristan Freer)[21] | 16/05/2022 | £42,898 | This Final Notice refers to breaches of APER 1 and FIT related to a lack of fitness/propriety, mis-selling and failing to be open and co-operative in the investment adviser and pensions sector. We imposed a prohibition and financial penalty. | ||
|
Bank House Investment Management Limited (in liquidation)[22] |
16/05/2022 | £311,639 | This Final Notice refers to breaches of PRIN 1 and section 20 FSMA related to mis-selling and failing to be open and co-operative in the investment adviser and pensions sector. We imposed a financial penalty. | ||
| Timothy Haywood[23] | 29/03/2022 | £230,037 | The Final Notice refers to breaches of APER 2 and 7 related to the management of conflicts of interest in the asset management sector. We imposed a financial penalty. | ||
| GAM International[24] | 29/03/2022 | £9,103,523 | The Final Notice refers to breaches of PRIN 2 and 8 related to the management of conflicts of interest in the asset management sector. We imposed a financial penalty. | ||
| Barclays Bank plc[25] | 28/02/2022 | £783,800 | This Final Notice refers to breaches of PRIN 2 related to financial crime in the corporate banking sector. We imposed a financial penalty. | ||
| Julius Baer International Limited[26] | 10/02/2022 | £18,022,500 | This Final Notice refers to breaches of PRIN 1, PRIN 3 and PRIN 11 related to failing to act with integrity, governance and failing to be open and co-operative in the in the Wealth Management and Private Banking sector. We imposed a financial penalty. |