New regulator will identify people under enforcement

Any statement published will likely identify the firm or individual involved and outline the nature of the FCA's concerns, it said. The FCA, one of two bodies set to replace the Financial Services Authority (FSA) next month, has been granted new powers under the Financial Services and Markets Act 2000 to publish information explaining the reasons for a warning notice. Warning notices represent one of the earliest stages of an enforcement case. Previously, information could only be published once a final decision had been reached, though this rule was relaxed in 2010 enabling the FSA t...