FCA confirms 'name and shame' policy before enforcement action

The Financial Conduct Authority (FCA) has confirmed it will in future publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.

Following a period of consultation, the FCA confirmed it will in future publish information through a warning notice statement which will typically name the firm under investigation and, in certain circumstances, an individual. The regulator said the measure will allow it to achieve better consumer protection and enhance the integrity of the UK's financial system. It will make it clearer for consumers, firms and investors "what sort of behaviour is considered unacceptable", while making the enforcement process more transparent, according to the FCA. Previously, the regulator could ...