Regulatory AlertsCP26/19: Changes to our penalty and decision-making policies
The Financial Conduct Authority proposes amendments to its Decision Procedure and Penalties Manual to update penalty thresholds for inflation and clarify decision-making processes. Key changes include raising the minimum disciplinary penalty for serious market abuse by individuals to £150,000 and increasing serious financial hardship income and capital thresholds to £21,000 and £24,000 respectively. The regulator also introduces automatic biennial inflation adjustments using CPIH, aligns wealth-based deterrence rules, and revises how deferred income and settlement decision-maker compositions are handled.
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