We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

FCA hands out biggest cum-ex trading fine as investigations continue into other firms

Compliance Monitor

FCA hands out biggest cum-ex trading fine as investigations continue into other firms

The FCA has given its third and largest fine sofar relating to cum-ex trading — with more investigations of otherorganisations ongoing. In this case, the £2 million penalty fixed on the TJMPartnership Limited relates to a lack of procedures, systems and controls whencarrying out transactions for clients that were “highly suggestive of financialcrime”.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.

Login