FCA fines for transaction reporting and disclosure failures

In 2022 the FCA decided to fine Barclays a total of £50 million for failing to tell the market about side arrangements with Qatari investors during its two emergency capital raisings in June and October 2008, at the height of the financial crisis. Barclays had agreed to pay a Qatari entity £322 million under two "advisory" agreements that were really the price of the Qataris' investment, and the FCA found its conduct in the October 2008 fundraising was reckless and lacked integrity, breaching the Listing Rules that require companies to give investors accurate information. Barclays referred the decision to the Upper Tribunal, but in November 2024 it withdrew that challenge to draw a line under the 16-year-old matter; the FCA then issued final notices imposing a reduced penalty of £40 million, while noting that Barclays does not accept the findings.

In June 2019 the FCA fined Bank of Scotland £45.5 million for failing to be open with the regulator about suspected fraud at HBOS's Reading-based Impaired Assets office, where a team led by Lynden Scourfield had been pushing struggling small businesses towards outside consultants who stripped their assets for personal gain. The bank first identified suspicious behaviour in early 2007 — including that Scourfield had been approving lending beyond his authority for three years — but did not fully disclose its suspicions to the then regulator, the Financial Services Authority, until July 2009, and the FCA found there was insufficient challenge or scrutiny "from top to bottom" of the organisation. The FCA said the delay hampered investigations by both the regulator and Thames Valley Police. The bank agreed to settle and received a 30% discount, cutting the fine by almost £20 million; the FCA also banned four individuals involved in the fraud.

On 11 March 2014, the Financial Conduct Authority fined Stratos Markets Limited £4,000,000.

On 20 January 2011, the Financial Services Authority (the FCA's predecessor) fined Gain Capital UK Limited £490,000.

On 8 September 2009, the Financial Services Authority (the FCA's predecessor) fined Barclays Bank Plc £2,450,000.

On 23 March 2005, the Financial Services Authority (the FCA's predecessor) fined Gain Capital UK Limited £35,000.

On 12 January 2004, the Financial Services Authority (the FCA's predecessor) fined Bank of Scotland plc £1,250,000.