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Release Date: 19th September 2017

To access the original FCA document, click here.


The Financial Conduct Authority (FCA) has imposed a financial penalty of £86,691 on Charles Anthony Llewellen Palmer and has prohibited him from performing any significant influence function in relation to any regulated activities. This action is due to Mr Palmer’s breach of Statement of Principle 6, which requires approved persons to act with due skill, care, and diligence.

Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s action against Charles Palmer highlights the importance of compliance with regulatory standards and the severe consequences of failing to meet them. Firms and individuals in significant influence roles must ensure they act with due skill, care, and diligence to maintain their regulatory standing and protect consumer interests.

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