FCA to name firms under investigation
The regulator has confirmed that it will now name firms under investigation.
The Financial Conduct Authority (FCA) previously only published information about enforcement proceedings once it had decided to take action.
However, following a consultation, the watchdog said it would make information public through a warning notice statement that will “usually” name the firm under investigation.
It also said that “in certain circumstances” it will name an individual.
The power to do so comes into force as of today, 15 October.
The FCA stated that it will consider the
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