The Financial Conduct Authority (FCA) will now be publishing details of warning notices against firms and individuals before it issues enforcement proceedings against them. But in what circumstances will it name and shame individuals?
The regulator said it was aware of the adverse effects its new name and shame policy could have on firms and individuals and may in some circumstances opt to publish an anonymised warning notice instead. The FCA received a number of industry comments during its consultation on the new transparency policy, which came into effect on Tuesday, which prompted it to re-think its blanket approach. It also said it would in some cases consider whether to publish a warning notice at all, however in most cases it would be appropriate. The FCA said:"We still believe it will normally be appropr...
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