In an article published in the Financial Times Adviser, Counsel Imogen Makin discusses the Financial Conduct Authority’s recent shift away from its February 2024 plans to name and shame investigation subjects at an early stage.
Excerpt: “The FCA originally proposed moving to a flexible public interest framework, which many understood the regulator to mean it would publicly announce the majority of enforcement investigations early in the investigative process.
Under the original proposals, the investigation subject would have received no more than one business day’s notice of an announcement and the FCA would have published updates to an investigation periodically, including on closure.”
