Request a Demo Today

Release Date: 29th March 2022

To access the original FCA document, click here.


Timothy Haywood was fined £230,037 by the Financial Conduct Authority (FCA) on 29 March 2022 for breaching Statement of Principle 7 and Statement of Principle 2 between 20 October 2016 and 8 January 2018. The fine was reduced from £319,044 due to an early settlement agreement. The FCA found that Haywood failed to manage conflicts of interest fairly and did not act with due skill, care, and diligence, particularly in relation to two Greensill-related investments and breaches of the Gifts and Entertainment Policy.

Key Takeaways for Other Firms:

Summary of Findings:

In conclusion, the FCA’s action against Timothy Haywood highlights the critical importance of managing conflicts of interest and adhering to internal policies, especially for senior management in asset management firms. Firms must ensure robust documentation, proper escalation procedures, and strict compliance with policies to maintain trust and regulatory compliance.

Back to the Dear CEO letter archives.