2022 FCA fines

Jan 9th '23

Usually at this time of year we reflect on how underwhelming the FCA’s (Financial Conduct Authority) enforcement outcomes were in the previous year but I have to say that 2022 was actually pretty good.


The headline fine total of £216m was down on 2021’s £568m, but the 2021 numbers were dominated by three huge fines for financial crime failings that made up £475m between them.


They had a range of interesting outcomes in 2022, such as an unlawful disclosure case against a listed company chair, the unusual Principle 1 (Integrity) case against a private bank, and the banning of two directors of a brokerage from holding a senior management function.


The FCA also had our first MAR Article 16 cases, three of them, for failing to have adequate systems and controls to prevent market abuse.


With Mark Steward leaving his role as FCA’s head of enforcement imminently, his successor is probably inheriting a whole raft of open cases (603 as at 31 March 2022) but at least has some good recent outcomes on which to build.


Visit: 2022 FCA fines


If you want to get the right advice, quickly, with clear and totally transparent, unshackling yourself from the confines of an antiquated compliance support service, then contact us


About us

LS Consultancy are experts in Compliance, and work with a range of firms to assist with improving their documents, processes and systems to help mitigate risk.


Our range of innovative solutions can be tailored to suit your unique requirements, no matter whether you’re currently working from home, or are continuing to go into the office. Our services can be deployed individually or combined to form a broader solution to release your energies and focus on your clients.


Contact us today for a chat or send us an email to find out how we can support you in meeting your current and future compliance challenges with confidence.


Explore our full range today.


Contact us



Why Not Download our FREE Brochures! Click here.


Need A Regulatory Marketing Compliance Consultant? A Bit More About Us


Call Us Today on 020 8087 2377 or send us an email.


We welcome individual bloggers / Professional Writers / Freelancers to submit high quality contents. Find out more…


You can see our Google reviews here.


Contact us