UK Financial Conduct Authority Consults on Tougher Penalty Framework

Short summary

The UK FCA is consulting on changes to its penalty framework, including raising the minimum disciplinary penalty for serious individual market abuse from £100,000 to £150,000 with automatic inflation adjustments every two years. The proposals also clarify the FCA's ability to increase penalties based on an individual's wealth for non-market abuse cases and update treatment of deferred income per recent Upper Tribunal decisions. Consultation is open until 10 August 2026.

• •FCA proposes raising minimum serious market abuse penalty for individuals from £100k to £150k with biennial inflation adjustments
• •Clarifies ability to increase penalties for deterrence based on individual wealth in non-market abuse cases
• •Updates deferred income treatment in penalty calculations per 2025 Upper Tribunal decisions

Generated with AI, which can make mistakes.