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Release Date: 5th October 2017

To access the original FCA document, click here.


The Financial Conduct Authority (FCA) has imposed a financial penalty of £10,000 on Clive John Rosier, the sole director and only approved person at Bayliss & Co (Financial Services) Limited (“Bayliss”), for breaches of the Authority’s Statements of Principle 2 and 7. Additionally, the FCA has withdrawn Mr Rosier’s approvals to perform significant influence functions at Bayliss and prohibited him from performing any significant influence function in relation to any regulated activity.

Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s action against Clive John Rosier underscores the importance of adhering to regulatory standards and the necessity for individuals in significant influence functions to act with due skill and care. Firms and individuals must take proactive steps to ensure compliance with all regulatory requirements to avoid similar penalties and sanctions.

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