Request a Demo Today

Release Date: 27th October 2015

To access the original FCA document, click here.

Summary

The Financial Conduct Authority (FCA) imposed a financial penalty of £50,000 on Andrew Peter Wilkins for failing to comply with Statement of Principle 6 for Approved Persons. As a Director of Catalyst Investment Group Limited, Mr Wilkins was found to have failed in managing Catalyst’s business with due skill, care, and diligence.

Reasons for the Fine:

Key Takeaways for Other Firms:

By adhering to these guidelines, firms can better align with regulatory expectations and avoid substantial fines and penalties.

Back to the Dear CEO letter archives.