On 24 May 2010 the Guernsey Financial Services Commission (“the Commission”) decided: to impose financial penalties of £14,000 each on Mr Y and Mr du Feu and £7,000 on Mr X (“the Directors”) under section 11D of The Financial Services Commission Law; an to make this public statement under section 11C of the Financial Services […]

Amount also represented approximately one-third of £313.4m, the total level of fines in 2012. The FSA has illustrated its transition to a tougher approach after its busiest February for enforcement with £101.4m in fines handed down. Mary Stevens, manager of regulatory content for Wolters Kluwer Financial Services, said the amount compared to just £9.2m in […]