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Release Date: 1st February 2016

To access the original FCA document, click here.


Robert John Bygrave was fined £37,400 by the FCA and prohibited from performing any significant influence functions in relation to any regulated activities. This penalty was imposed due to his failure to exercise due skill, care, and diligence in managing the business of Aderia UK Limited, while he was CF1 (Director(AR)) at Coverall Worldwide Ltd.

Summary of Reasons:

Key Takeaways for Other Firms:

In conclusion, the FCA’s action against Robert John Bygrave highlights the critical importance of due diligence, proper management of client money, and the need for rigorous oversight and accountability in financial operations. Firms must learn from these failures to avoid similar penalties and ensure the protection of consumers and market integrity.

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