FCA renews approach to enforcement disclosures after failures on Julius Baer case

Following Upper Tribunal criticism

Valeria Martinez
clock • 2 min read

The Financial Conduct Authority has revised its approach to disclosure processes in regulatory enforcement cases after receiving criticism from London’s Upper Tribunal.

In a statement, the UK's financial watchdog said it had completed a review of its disclosure process and introduced various changes to improve quality and minimise the risk of mistakenly failing to disclose a document.  FCA fines Julius Baer £18m over 'corrupt' relationship with Russian oil conglomerate This involves providing greater training and support for case teams, and taking a broader approach to disclosure, which the regulator said "will mean our review of documents is not focused only on identifying potentially undermining material". "Under our new broader approach, we wil...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

How the FCA's Prospectus Reform deals with the ghost of the mini-bond scandal

How the FCA's Prospectus Reform deals with the ghost of the mini-bond scandal

Retail investor access to corporate bonds

Cristian Angeloni
clock 17 July 2025 • 3 min read
FCA defends five-year plan as MPs criticise slow authorisation pace and admin costs for firms

FCA defends five-year plan as MPs criticise slow authorisation pace and admin costs for firms

Committee hearing in Parliament

Sorin Dojan
clock 16 July 2025 • 2 min read
Reeves outlines targeted support next steps amid financial advice shake-up

Reeves outlines targeted support next steps amid financial advice shake-up

To help consumers make better financial decisions

Sahar Nazir
clock 16 July 2025 • 2 min read
Trustpilot