In a historic first, last month, the Financial Conduct Authority (FCA) confirmed that it had opened a climate-related enforcement investigation against a company. This information was provided in response to a freedom of information request by legal activist organisation ClientEarth. It represents a key milestone on the path to joining regulators in the US, Germany […]
The end of April saw the Financial Conduct’s Authority’s (FCA) consultation on the public naming of investigation subjects close. Widely referred to as a plan to name and shame, the proposal has sparked a backlash from the market, various influential trade bodies and politicians. At the moment, anyone subject to investigation are not named until […]
The Upper Tribunal issued an important case management judgment on 8 May 2024 in the case of FCA v Banque Havilland & Ors. Nick Vamos, James Tyler and Julia Steinhardt represent the second defendant in the case, Mr Edmund Rowland. Mr Rowland is alleged to have been involved in the creation and dissemination of a […]
The Financial Conduct Authority (FCA) has undergone major change in recent years. In October 2020, Nikhil Rathi replaced Andrew Bailey as its CEO. In March 2023, Mark Steward stood down and was replaced by Therese Chambers and Steve Smart as joint Heads of Enforcement. In the same period, the Gloster Report, which had been commissioned […]
