FCA fines and bans former Keydata FD

FCA fines and bans former Keydata FD

FCA fines and bans former Keydata FD

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FCA has printed its final notice fining Craig McNeil, former Financial Director (FD) of Keydata Investment Services Limited (Keydata), £350,000 and banning him from transporting out any significant influence functions for just about any firm. It found Mr McNeil permitted the firm to create payments that masked problems within SLS Capital S.A., the Luxembourg special purpose vehicle whoever bonds Keydata invested. Also, he unsuccessful to challenge a choice to initiate a transaction targeted at getting to safeguard missed earnings payments. FCA found he’d breached a couple of its Concepts for Approved Persons by not making certain FCA was notified of knowledge it ought to reasonably happen to be likely to need to know, by acting without due skill, care and diligence. (Source: FCA Fines and Bans Keydata FD)

 

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