Financial Conduct Authority (FCA) CEO Nikhil Rathi has written to the Treasury Committee (TSC) after MPs called on the regulator to investigate the handling of information ahead of the Autumn Budget and whether it amounted to market abuse.
In his letter to committee chair Meg Hillier, the watchdog's CEO noted that due to confidentiality restrictions, the FCA generally does not go into detail about its enquiries or how they conclude, unless they lead to a public outcome. "While we have not commenced an enforcement investigation, I recognise the public and the committee's interest in the steps we are taking as outlined below," Rathi said. After the Autumn Budget, three main concerns and allegations were raised with the FCA. • That briefings by ministers and government officials were misleading and may have amounted to ...
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