Financial Services Law – FCA v W H Ireland Ltd 22/2/16

29/03/2016 LBU Editorial Case Reports

The FCA found that W H Ireland Ltd had failed adequately to install systems and controls for the prevention of market abuse or detection. The FCA imposed a fine of £1.2 million and imposed a restriction preventing W H Ireland Ltd from taking on new clients in its corporate broking division for 72 days. The restriction was imposed because W H Ireland Ltd had failed to address issues identified in a FCA appointed Skilled Person report.

© Law Brief Publishing Ltd, all rights reserved. Published by Law Brief Publishing Ltd, company number 05966609, registered in the UK. Registered office address: 30 The Parks, Minehead, Somerset, TA24 8BT.

All information on this site was believed to be correct at the time of writing. All content is for information purposes only and is not intended as legal advice. No liability is accepted by either the publisher or the author(s) for any errors or omissions (whether negligent or not) that it may contain. The opinions expressed in the articles are the authors' own and do not necessarily indicate the views of Law Brief Publishing Ltd.. Professional advice should always be obtained before applying any information to particular circumstances. Excerpts from judgments and statutes are Crown copyright. Any Crown Copyright material is reproduced with the permission of the Controller of OPSI and the Queen’s Printer for Scotland under the Open Government Licence.