FCA Issues First Penalties for Competition Infringements
Click here to read the full article onlineOn 21 February, the UK Financial Conduct Authority (the “FCA”) found that Hargreave Hale Ltd (“Hargreave Hale”), Newton Investment Management Limited (“Newton”), and River and Mercantile Asset Management LLP (“RAMAM”) had breached competition law by sharing strategic information on a bilateral basis during an initial public offering and a placing, shortly before share prices were set.