On 16 July 2026, the PRA published a Final Notice imposing a £4,165,000 penalty on HDI Global SE (HDI Global or the Firm) for materially inaccurate reporting of regulatory data on at least 11 occasions between August 2021 and August 2024.
For the key takeaways from this case, including insights from it being
Companies can now be prosecuted under UK law for any criminal offence committed by one of their senior managers provided the manager was acting with the scope of their authority (actual or apparent).
This represents a fundamental expansion of corporate criminal liability from the previous position, under which companies would only be liable for most
The Financial Conduct Authority (FCA) recently confirmed that over 75% of its enforcement work focuses on fighting financial crime. In line with this, earlier this year the FCA issued Final Notices to AIM listed company interim Chief Financial Officer (CFO), Bhavesh Hirani, and his friend, Dipesh Kerai, imposing financial
The Financial Conduct Authority (FCA) has confirmed that, as part of its evolving strategy, it is currently driving earlier intervention with supervisory tools, market oversight and proactive detection. The FCA makes the point that this is not separate from enforcement – these outcomes are enforcement “even if they don’t look like the
Earlier this year, the Financial Conduct Authority issued a Final Notice to John Wood Group Plc imposing a financial penalty of £12,993,700 in connection with publishing inaccurate information in its financial results.
For the key takeaways from this case, as well as the key findings, please see our latest Notice in a Nutshell briefing here
The allegations concerning the National Energy System Operator that have been brought into the public spotlight by Shadow Energy Secretary Claire Coutinho over the past week continue to attract significant attention. While the facts remain unclear and it would be wrong to speculate on the merits of the allegations, the episode serves as a timely
Last month the Financial Conduct Authority (FCA) announced that it had closed its investigation into Drax Group plc (Drax), having found no evidence that justified any further action. The closure is a noteworthy development, not only for Drax but also in the broader context of the FCA’s new framework for publicising
Last month the Financial Conduct Authority (FCA) published a Decision Notice that has been issued to Carlos Ricardo Fuenmayor, the CEO and sole controller of BancTrust Investment Bank Limited (BancTrust), imposing a financial penalty of £99,600 in connection with his failure to disclose to the FCA: (i) that, in 2017, he had
On 7 July 2026, the Financial Conduct Authority (FCA) published the second edition of its enforcement newsletter – Enforcement Watch 2 – in which it covers its recent approach to supervising and enforcing the Consumer Duty (the Duty).
The FCA introduced the Enforcement Watch newsletters in light of a suggestion made in