FCA starts the New Year with its first ever fine for sponsors – what lessons can be learnt?
28 January 2015Corporate newsflash
The Financial Conduct Authority has started the New Year by sending a strong message to the sponsor community. On 6 January 2015, the FCA announced that it had imposed a fine of £231,000 on a sponsor firm for breaches of its obligations under the Listing Rules. We summarise the firm's key failings and consider what lessons should be learnt by sponsors.
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