This table contains information about fines published during the calendar year ending 2016. The total amount of fines is £22,216,446 (excluding Mr Shay Jacob Reches' additional penalty).
| Firm or individual fined | Date | Amount | Reasoning |
|---|---|---|---|
| Tariq Carrimjee[1] | 28/11/2016 | £89,004 | For breaches of APER 2 and FIT related to a lack of fitness/propriety in the investment adviser sector. |
| Steven Smith[2] | 12/10/2016 | £17,900 | For breaches of APER 6 and PRIN 3 (knowingly concerned) related to financial crime and a lack of fitness/propriety in the retail bank sector. |
| Sonali Bank (UK) Limited[2] | 12/10/2016 | £3,250,600 | For breaches of PRIN 3 and PRIN 11 related to culture/governance, failing to be open and co-operative and financial crime in the retail bank sector. |
| Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited[3] | 05/10/2016 | £8,246,800 | For breaches of PRIN 3, PRIN 10, CASS Rules, SUP and SYSC related to client money/assets and culture/governance in the life insurance sector. |
| Elizabeth Anne Parry[4] | 01/09/2016 | £109,400 | For breaches of APER 1 and FIT in the investment adviser sector. |
| Cenkos Securities Plc[5] | 09/08/2016 | £530,500 | For breaches of listing rules in the sponsor sector. |
| Gavin Duncan Paul Breeze[6] | 15/07/2016 | £59,557 | For breaches of section 118(2) and (3) Financial Services and Markets Act 2000 related to market abuse in the issuer sector. |
| Timothy Duncan Philip[7] | 13/07/2016 | £60,000 | For breaches of APER 6 and FIT related to a lack of fitness and propriety and client money/assets in the general insurance and protection sector. |
| Towergate Underwriting Group Limited[8] | 13/07/2016 | £2,632,000 | For breaches of PRIN 3, PRIN 10 and CASS related to client money/assets in the general insurance and protection sector. |
| CT Capital Limited[9] | 01/06/2016 | £2,360,900 | For breaches of PRIN 3 and PRIN 6 related to complaints-handling and the unfair treatment of customers in the general insurance and protection sector. |
| Mark Samuel Taylor[10] | 13/05/2016 | £36,285 | For breaches of FIT as well as section 118(2) Financial Services and Markets Act 2000, related to market abuse and a lack of fitness/propriety in the wealth management and private banking sector. |
| Terence Andrew Joint[11] | 09/05/2016 | £10,000 | For breaches of APER 6, APER 7, FIT and CASS related to a lack of fitness/propriety and client money/assets misconduct in the general insurance and protection sector. |
| Timothy Alan Roberts[12] | 08/04/2016 | £450,000 | For failure to comply with Statement of Principles 1 and 6 of the Authority’s Statements of Principle for Approved Persons |
| W H Ireland Limited[13] | 23/02/2016 | £1,200,000 | For breaching PRIN 3 and SYSC related to market protection, culture/governance and conflicts of interest in the wealth management and private banking sector |
| Achilles Othon Macris[14] | 09/02/2016 | £792,900 | For Breaching Statement of Principle 4 |
| Shay Jacob Reches[15] | 01/02/2016 | £1,050,000 | For breaching section 63A of the Financial Services and Markets Act 2000 and FIT |
| Shay Jacob Reches[16] (additional penalty)[16] | 01/02/2016 | £13,130,000 | For breaching section 63A of the Financial Services and Markets Act 2000 and FIT |
| Colin J McIntosh[17] | 01/02/2016 | £51,600 | For breaching Statement of Principle 1,4 and 7. Also breaching FIT and certain applicable rules set out by CASS |
| Robert John Bygrave[18] | 01/02/2016 | £37,400 | For breaching Statement of Principle 6, FIT and certain applicable rules set out in CASS |
| Andrea Christine Sadler[19] | 01/02/2016 | £18,700 | For breaching Statement of Principle 6, FIT |
| Wayne Anthony Redgrave[20] | 01/02/2016 | £38,600 | For breaching Statement of Principle 6 and certain applicable rules set out by ICOBS |
| Millburn Insurance Company Limited (in administration)[21] | 01/02/2016 | £1,137,500 | For breaching Principle 11 |
| Coverall Worldwide Ltd[22] | 01/02/2016 | £36,800 | For breaching Principles 1, 3 and 10 and certain applicable rules set out in CASS and COND |