FCA raps Aviva on the knuckles over share announcement
Insurer apologises over 2018 announcement with the potential to mislead the market in a “serious but not intentional” breach.
The Financial Conduct Authority (FCA) has today publicly censured Aviva for making an announcement that had the potential to mislead the market.
The regulator detailed that the announcement on 8 March 2018 (the Announcement) concerned Aviva’s preliminary year-end results.
However, the watchdog has not issued a financial penalty because Aviva reacted quickly and put in place a payment scheme for shareholders affected.
Oversight
Mark Steward, executive director of enforcement and market
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Broker’s emails defeat negligence claim
- Three MGAs put motor business on pause as capacity crunch continues to bite
- Academy strikes deal to buy Premierline from Allianz