Remedial and other regulatory actions
|
Remedial and other regulatory actions – under the FSA08
|
Year ended 31 March
|
||
|
2022 |
2021 |
2020 |
|
|
Directions – under sections 14 and 18 of the FSA08 |
29 |
35 |
13 |
|
Section 16 - Fixed penalties relating to late filings (excluding any penalties that are waived) |
3 |
8 |
12 |
|
Section 16 - Discretionary penalties relating to regulatory breaches |
2 |
1 |
1 |
|
Section 10 – not fit and proper |
0 |
0 |
0 |
|
Section 10A – prohibitions[1] |
3 |
4 |
0 |
|
Section 11 - warning notices |
0 |
0 |
1 |
|
Section 23 - reporting accountant |
1 |
5 |
0 |
|
Section 22 – successful application to court for the appointment of a business manager |
0 |
0 |
1 |
|
FSA08 licences (or classes thereof) suspended |
1[2] |
0 |
0 |
|
FSA08 licences (or classes thereof) revoked |
0 |
0 |
0 |
[1] In the 2022 reporting period, three persons were prohibited across FSA08 and CISA08 provisions. In the 2021 reporting period, four persons were prohibited across FSA08, CISA08 and IA08 provisions. This data is repeated across each relevant table witin the prohibitions data.
[2] This suspension was temporary and agreed with the firm, and was lifted in the reporting period.
|
Remedial and other regulatory actions – under the CISA08 |
Year ended 31 March |
||
|
2022 |
2021 |
2020 |
|
|
Section 11A – not fit and proper |
0 |
0 |
0 |
|
Section 11B – prohibitions |
3 |
4 |
0 |
|
Section 11F - warning notices |
0 |
0 |
0 |
|
Section 12 - directions |
0 |
2 |
0 |
|
Section 13 – appointment of an adviser to a fund |
0 |
0 |
0 |
|
Section 13 – appointment of a person to assume control of a fund |
0 |
0 |
0 |
|
Section 15 – application to court granted for winding up and appointment of a liquidator to a fund |
0 |
0 |
0 |
|
Section 16 – application to court granted for the appointment of an inspector to a fund |
0 |
0 |
0 |
|
|
|
|
|
|
Section 19A – civil penalty |
0 |
0 |
0 |
|
Remedial and other regulatory actions under the IA08 |
Year ended 31 March | |
| 2021 | 2020 | |
| Section 33 - Imposition of requirements | 0 | 0 |
| Section 29 - not fit and proper direction | 0 | 0 |
| Section 29A - prohibitions | 4 | 0 |
| Schedules 5 - Information request | 1 | 0 |
| Section 37 - Discretionary penalties relating to regulatory breaches | 3 | 1 |
|
Remedial and other regulatory actions under the RBSA00
|
Year ended 31 March |
||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
|
|
Section 19 – not fit and proper direction |
0 |
0 |
0 |
0 |
0 |