UK FCA wants to publicise enforcement work against firms and individuals before it is concluded

Published: 29 February 2024

The Financial Conduct Authority (“FCA”) is proposing to give details of enforcement investigations which are in the process of being carried out against firms and individuals before the cases are finished. This will mark a departure from the FCA’s current practice of not publicising such cases until they are finished. The proposal, set out in a new consultation paper, CP24/2, is for the FCA to make such disclosures on a case by case basis and also publicise the outcome of any such case, regardless of the conclusion. The consultation also proposes to review and amend the Enforcement Guide chapter of the FCA Handbook.