We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

FCA Sees Surge In Disciplinary Action Disputed By Firms

Law360, London (April 16, 2018, 3:10 PM BST) -- The number of U.K. financial firms and insurers referred to the Financial Conduct Authority’s independent decisions committee shot up 65 percent in 2017 compared with the previous year as companies fight back against penalties, new data revealed on Monday.

Some 476 businesses were referred to the FCA's regulatory decisions committee last year, up from 289 in 2016, according to data from London law firm Reynolds Porter Chamberlain LLP.

The committee decides whether the regulator should cancel a firm’s authorization or dish out a fine — but is...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.