Last Modified: 01/04/2014
We are fair in our approach to regulation and supervision, but quick to act when we see firms or individuals acting illegally.
The Financial Services Act 2012 has given us new powers to help us act faster in order to keep the market sound and stable.
We are authorised to:
- fine, suspend, prohibit, order injunctions, bring criminal prosecutions or take other action to prevent market abuse, such as insider dealing
- make a public announcement when we begin disciplinary action against a firm or individual and publish details of warning notices
We work closely with law enforcement agencies to combat market abuse and other financial crime.