RegActions records a disclosed FCA monetary penalty of £5,950,000 dated 18 Mar 2024 for Read the Decision Notice.
Case facts
| Firm or individual | Read the Decision Notice |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 18 Mar 2024 |
| Penalty | £5,950,000 |
| RegActions breach classification | Individual prohibition |
| Public case ID | f65f7d0c-0155-4743-b9fe-b9e7610f09b0 |
Case summary
FCA decides on £5.95m fine and industry ban for Nailesh Teraiya in latest cum-ex case Last updated: 05/08/2025 See all updates Nailesh Teraiya has referred his Decision Notice to the Upper Tribunal. Any findings in the Decision Notice are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers his behaviour should be characterised.
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.