By Richard Sallybanks, Umar Azmeh10 May 2021 Much has been written about the Financial Conduct Authority’s (FCA) recent decision to commence criminal proceedings against NatWest plc for offences under the Money Laundering Regulations 2007 (MLR). However, as the FCA also started two insider dealing prosecutions in February, does this signal an increased willingness to flex its muscles as a criminal prosecutor, as opposed to dealing with misconduct in the areas for which it has responsibility through its civil regulatory regime? Richard Sallybanks Umar Azmeh On 11 February, the FCA announced that it had charged Stuart Bayes and Jonathan Swann with various offences of insider dealing under the Criminal Justice Act 1993 (CJA) in respect of trading in shares in British Polythene Industries plc in 2016; the profit from the alleged insider dealing was just under £140,000 (the case has been listed for trial on 4 April 2022, neither defendant has been arraigned, and there will be a case management hearing on 10 September 2021).
UK Financial Conduct Authority: Update On Trial Dates In Criminal Cases 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.
12 th February 2021 7:45 am Good morning and welcome to your Morning Briefing for Friday 12 February, 2021. To get this in your inbox every morning click here. Standard Life name faces axe The curtain is set to fall on the 200-year history of the Standard Life name as Phoenix is set to buy the brand, according to reports. Standard Life Aberdeen’s new chief executive Stephen Bird has wasted no time in making some major changes at the firm, such as the decision to put Parmenion up for sale. But now a deal for Phoenix Group to acquire the Standard Life name could be imminent.
Britain's financial watchdog said on Thursday that it has brought criminal charges against two individuals who it alleges were involved in insider trading ahead of a £261 million ($360 million) acquisition of a plastic wrap producer in 2016.
<p><span>The Financial Conduct Authority (FCA) has commenced a criminal prosecution against Stuart Bayes and Jonathan Swann for insider dealing. </span></p>