2019 fines

This contains information about fines published during the calendar year ending 2019. The total amount of fines so far is £391,773,187.

Firm or individual fined Date Amount Reasoning
Henderson Investment Funds Limited 18/11/2019 £1,867,900 This final notice refers to breaches of PRIN 3 and PRIN 6 related to the unfair treatment of customers in the Asset Management sector. We imposed a fine.
Tullet Prebon (Europe) Limited 11/10/2019 £15,400,000 This final notice refers to breaches of PRIN 2, PRIN 3 and PRIN 11 related to wholesale conduct and failing to be open and co-operative in the trading firm sector. We imposed a fine.
The Prudential Assurance Company Limited 30/09/2019 £23,875,000 This Final Notice (The Prudential Assurance Company Limted) refers to breaches of PRIN 3 and PRIN 6 and relates to mis-selling and the unfair treatment of customers in the pensions sector. We imposed a fine.
Cathay International Holding Limited 25/07/2019 £411,000 This final notice (Cathay International Holding Limited) refers to breaches of the Listing Principles and Disclosure Rules and Transparency Rules in the issuer sector. We imposed a fine. 
Jin-Yi Lee 25/07/2019 £214,300 This final notice (Jin-Yi Lee) refers to breaches of the Listing Principles and Disclosure Rules and Transparency Rules in the issuer sector. We imposed a fine.
Eric Ka Chi Siu  25/07/2019 £40,200 This final notice (Eric Ka Chi Siu) refers to breaches of the Listing Principles and Disclosure Rules and Transparency Rules in the issuer sector. We imposed a fine.
Standard Life Assurance Limited 23/07/2019 £30,792,500 This final notice (Standard Life Assurance Limited) refers to breaches of PRIN 3, PRIN 6 and COBS related to the unfair treatment of customers in the Life Insurance sector. We imposed a fine.
Bank of Scotland plc 21/06/2019 £45,500,000 This final notice (Bank of Scotland plc) refers to breaches of PRIN 11 and SUP, relating to failing to be open and cooperative in the retail banking sector. We imposed a fine.
R.Raphael & Sons plc 30/05/2019 £775,100

This final notice (R.Raphael & Sons plc) refers to breaches of PRIN 2, PRIN 3, SYSC 8 relating to culture/governance in the retail bank sector. We imposed a fine.

Linear Investments Limited 29/04/2019 £409,300 This final notice (Linear Investments Limited) refers to breaches of PRIN 3 related to market protection and market abuse in the trading firm sector. We imposed a fine.

Standard Chartered Bank

09/04/2019 £102,163,200 This decision notice (Standard Chartered Bank) refers to breaches of the Money Laundering Regulations 2007 related to financial crime in the investment and retail bank sector. We imposed a fine.
Goldman Sachs International 28/03/2019 £34,344,700 This final notice (Goldman Sachs International) refers to breaches of SUP 17, SUP 15 and PRIN 3 related to transaction reporting failures in the investment bank sector. We imposed a fine.
UBS AG 19/03/2019 £27,599,400 This final notice (UBS AG) refers to breaches of SUP 17, SUP 15 and PRIN 3 related to transaction reporting failures in the investment bank sector. We imposed a fine.
The Carphone Warehouse 13/03/2019 £29,107,600

This final notice (The Carphone Warehouse Limited) refers to breaches of PRIN 3, 6 and 9 related to mis-selling in the general insurance and protection sector. We imposed a fine.

Paul Stephany 05/02/2019 £32,200 This Final Notice (Paul Stephany) refers to breaches by an individual of Statement of Principle 2 and 3 relating to failing to observe proper standards of market conduct and failing to act with due skill, care and diligence in the asset management sector. The FCA imposed a fine.
Stewart Owen Ford 16/01/2019 £76,000,000

This final notice (Stewart Owen Ford) refers to breaches by an executive director of APER 1, APER 4 and FIT related to mis-selling, failing to be open and co-operative, a lack of fitness/propriety, conflicts of interest, and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.

Mark John Owen 16/01/2019 £3,240,787 This final notice (Mark John Owen) refers to breaches by an executive director of APER 1, APER 4 and FIT related to a lack of fitness/propriety and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.