RegActions records a disclosed FCA monetary penalty of £7,192,500 dated 2 Sep 2013 for Aberdeen Asset Managers Limited andAberdeen Fund Management Limited.
Case facts
| Firm or individual | Aberdeen Asset Managers Limited andAberdeen Fund Management Limited |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 2 Sep 2013 |
| Penalty | £7,192,500 |
| RegActions breach classification | CLIENT_MONEY |
| Public case ID | 3aee37eb-c792-42d4-9e54-78f6da046aad |
Case summary
For failing to identify, and therefore properly protect, client money placed in Money Market Deposits with third party banks.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.