FinesFSMA
Kristo Käärmann
Individual27 October 2024Fine · £350,000
01 · In plain English
What happened.
On 27 October 2024 the Financial Conduct Authority fined Kristo Käärmann £350,000. The FCA’s Final Notice records a breach of COCON 2.2.4R SC4 – a failure to disclose appropriately information to the regulator. Rule SC4 requires senior conduct‑rules staff to promptly tell the FCA information it would be reasonable to assume is of material significance. The FCA imposed a financial penalty and published a Final Notice setting out the decision.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 27 October 2024, the Financial Conduct Authority fined Kristo Käärmann £350,000. This Final Notice refers to a breach of COCON 2.2.4R SC4, related to Kristo Käärmann’s failure to disclose appropriately information to the Authority. We imposed a financial penalty. Source: the FCA's published list of 2024 fines. Notice:
Track FCA enforcement
Watch the firms you work with on FRN Watch.
We check the FCA register every day. Get an email when a firm on your watchlist has a change to its permissions or requirements, or picks up a new disciplinary entry.