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Release Date: 5th August 2022

To access the original FCA document, click here.


Sir Christopher Gent has been fined £80,000 by the FCA for unlawfully disclosing inside information in his capacity as the non-executive Chairman of ConvaTec Group Plc. The fine, pursuant to section 123 of the Financial Services and Markets Act 2000, addresses breaches of Article 14(c) of EU MAR.

Reasons for the Fine:

Key Takeaways for Other Firms:


The FCA’s fine on Sir Christopher Gent underscores the importance of adhering to market abuse regulations and the need for diligence in handling inside information. Firms and individuals must ensure that all disclosures are made within the boundaries of their professional duties, supported by proper advice and in compliance with regulatory requirements. This case highlights the serious consequences of negligent disclosures and reinforces the need for stringent internal controls and governance.

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