Skip to Primary Navigation

Skip to main content

FCA moves to reform policy on penalties for individuals

A close-up of a British ten pound banknote featuring King Charles III.
Photo: Getty Images

Rory Spillman | Signature Litigation, Duncan Grieve | Signature Litigation, Adriano Stagni | Signature Litigation+1

5 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Headline changes include 50% raise in minimum penalty for most serious market abuse cases.

The UK FCA’s latest consultation on changes to its penalty and decision-making policies marks a deliberate attempt to recalibrate the economics of enforcement against individuals.

In CP26/19, published on June 15, 2026, the FCA proposes targeted amendments to the Decision Procedure and Penalties Manual (DEPP), most notably raising the

That is significant

, , , , , , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience