01 · In plain English
What happened.
The FCA found that Metro Bank Plc failed to comply with Listing Rule 1.3.3 (which requires that misleading information must not be published) in an announcement dated 24 October 2018. The FCA decided to impose a financial penalty on 10 November 2022 and issued its Final Notice on 8 December 2022; Metro Bank did not refer the matter to the Upper Tribunal. The regulator’s Final Notice is published on the FCA website.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA register says.
On 10 November 2022, the FCA decided to impose a financial penalty on Metro Bank Plc. The reason for this action is because Metro Bank Plc failed to comply with Listing Rule 1.3.3 in 24 October 2018. This matter has not been referred by Metro Bank Plc to the Upper Tribunal. The FCA’s findings and proposed action are therefore final. The FCA’s Final Notice was issued on 8 December and a copy of the Final Notice is displayed on the FCA’s web site here:
03 · Firm details
Firm on the FCA register.
- Firm name
- Metro Bank PLC
- Firm reference number
- 488982
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