UK Financial Conduct Authority Publishes Decision Notice Against Jon Frensham For Non-Financial Misconduct mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
UK Financial Conduct Authority Responds To High Court Decision To Stay Proceedings In Enforcement Case Date
24/02/2021
The Claimants issued a judicial review to challenge a decision by the FCAs Regulatory Decisions Committee not to stay the regulatory proceedings against the first Claimant. The Claimants wanted to stay the RDC proceedings pending the outcome of civil proceedings in the Commercial Court brought by the Danish Customs and Tax Administration, Skatteforvaltningen (SKAT), against various Defendants including the second Claimant in the judicial review.
The FCA notes todays judgment
, which orders that the FCAs regulatory proceedings be stayed pending a judgment by the Commercial Court on certain preliminary issues.
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It is sometimes easy to forget with all that has happened over
the last 12 months that there was a world before pandemics, face
masks, and vaccines, and equally that there will be a world after
it. However, a look back over some of the regulatory enforcement
action taken by the JFSC and GFSC during this time has revealed
some interesting trends, and a look across to what the FCA has been
up to in the UK points to where our local regulators may be heading
UK Financial Conduct Authority: Blue Gate Capital Limited Ordered To Pay Connaught Investors £203,007 Date
18/12/2020
The FCA has publicly censured Blue Gate Capital Limited (Blue Gate) and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1 (the Fund).
The Fund, also formerly known as the Guaranteed Low Risk Income Fund Series 1, is in liquidation.
The restitution payments to investors will be made via the FCA.
Mark Steward, the Executive Director of Enforcement and Market Oversight at the FCA said: ‘FCA-authorised operators of funds are expected to undertake sufficient due diligence on the funds they operate. In this case, significant and serious deficiencies existed in the Fund at the time Blue Gate became Operator of the Fund and these deficiencies left investors exposed and unprotected.