How much has the FCA fined firms and individuals in 2013?
The FCA has issued 46 monetary penalties totalling £473,213,738 in 2013 (last updated 19 Dec 2013).
Last updated 19 Dec 2013
RegActions records £473,213,738 across 46 disclosed monetary penalties in 2013. The latest included penalty is dated 19 Dec 2013.
The total includes positive monetary penalties with amounts that have passed the RegActions amount-review gate. It excludes non-monetary actions and records whose amounts require review.
Check the FCA's official 2013 fines page · Explore the complete FCA fines database · Read the FCA fines 2013 monthly report · Open the 2013 actions workspace
What counts as an FCA fine?
An FCA fine is a financial penalty imposed by the Financial Conduct Authority and disclosed through an official notice or annual fines page. RegActions keeps monetary penalties separate from prohibitions, cancellations, public censures and other non-monetary enforcement outcomes. This prevents action counts from being mistaken for fine counts and makes the published total easier to audit.
How to verify an FCA penalty
Start with the firm or individual, penalty date and disclosed amount, then open the linked FCA notice. The notice explains the rule breaches, affected period and sanction. RegActions provides the comparison and monthly analysis layer, while the regulator publication remains the authoritative source for the decision.
Monthly breakdown
| Month | Penalties | Total |
|---|
| January | 5 | £1,035,537 |
| February | 4 | £101,440,000 |
| March | 5 | £36,684,300 |
| April | 1 | £13,300 |
| May | 2 | £3,197,100 |
| June | 3 | £7,039,477 |
| July | 8 | £16,699,651 |
| August | 3 | £720,673 |
| September | 6 | £169,528,700 |
| October | 4 | £105,910,000 |
| November | 1 | £900,200 |
| December | 4 | £30,044,800 |
FCA fines issued in 2013
| Firm or individual | Date | Amount | Breach | Evidence |
|---|
| JLT Specialty Limited | 19 Dec 2013 | £1,876,000 | PAYMENTS | Official source |
| Westwood Independent Financial Planners | 17 Dec 2013 | £100,000 | MIS_SELLING | Official source |
| Lloyds TSB Bank plc and Bank of Scotland plc | 11 Dec 2013 | £28,038,800 | SYSTEMS_CONTROLS | Official source |
| Christopher Willford | 11 Dec 2013 | £30,000 | GOVERNANCE | Official source |
| SEI Investments (Europe) Limited | 25 Nov 2013 | £900,200 | CLIENT_MONEY | Official source |
| Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) | 29 Oct 2013 | £105,000,000 | Not categorised | Official source |
| Porta Verde Financial Services Limited | 24 Oct 2013 | £25,000 | Not categorised | Official source |
| Mark Bentley-Leek | 18 Oct 2013 | £525,000 | FRAUD | Official source |
| Mustafa Dervish | 18 Oct 2013 | £360,000 | FRAUD | Official source |
| Alison Moran | 30 Sep 2013 | £20,000 | Not categorised | Official source |
| ICAP Europe Limited | 25 Sep 2013 | £14,000,000 | Not categorised | Official source |
| Clydesdale Bank PLC | 24 Sep 2013 | £8,904,000 | LENDING | Official source |
| JP Morgan Chase Bank NA | 18 Sep 2013 | £137,610,000 | INVESTMENT | Official source |
| AXA Wealth Services Ltd | 12 Sep 2013 | £1,802,200 | MIS_SELLING | Official source |
| Aberdeen Asset Managers Limited and Aberdeen Fund Management Limited | 2 Sep 2013 | £7,192,500 | CLIENT_MONEY | Official source |
| Mr Andrew Jeffery | 23 Aug 2013 | £150,000 | Not categorised | Official source |
| Guaranty Trust Bank (UK) Limited | 8 Aug 2013 | £525,000 | AML | Official source |
| Vandana Madhukar Parikh | 6 Aug 2013 | £45,673 | MARKET_ABUSE | Official source |
| John Douglas Leslie | 26 Jul 2013 | £28,000 | Not categorised | Official source |
| Paul David Cable | 19 Jul 2013 | £140,000 | INSURANCE | Official source |
| Swinton Group Limited | 16 Jul 2013 | £7,380,400 | INSURANCE | Official source |
| The Royal Bank of Scotland plc and The Royal Bank of Scotland N.V | 16 Jul 2013 | £5,620,300 | MARKET_ABUSE | Official source |
| Jeffrey Simon Bennett | 12 Jul 2013 | £28,000 | GOVERNANCE | Official source |
| David Thomas Davis | 5 Jul 2013 | £70,258 | MARKET_ABUSE | Official source |
| Michael Coscia | 3 Jul 2013 | £597,993 | MARKET_ABUSE | Official source |
| Policy Administration Services Limited | 1 Jul 2013 | £2,834,700 | INSURANCE | Official source |
| Gurpreet Singh Chadda | 19 Jun 2013 | £945,277 | FRAUD | Official source |
| Sesame Limited | 5 Jun 2013 | £6,031,200 | SYSTEMS_CONTROLS | Official source |
| Christopher John Riches | 5 Jun 2013 | £63,000 | PRINCIPLES | Official source |
| Xcap Securities Plc | 31 May 2013 | £120,900 | CLIENT_MONEY | Official source |
| J.P. Morgan International Bank Limited | 10 May 2013 | £3,076,200 | SYSTEMS_CONTROLS | Official source |
| Douglas Jones | 29 Apr 2013 | £13,300 | FRAUD | Official source |
| EFG Private Bank | 28 Mar 2013 | £4,200,000 | AML | Official source |
| The Prudential Assurance Company Limited | 27 Mar 2013 | £16,000,000 | Not categorised | Official source |
| Prudential plc | 27 Mar 2013 | £14,000,000 | Not categorised | Official source |
| Care Asset Management Limited | 27 Mar 2013 | £56,000 | RECORD_KEEPING | Official source |
| Lamprell plc | 18 Mar 2013 | £2,428,300 | Not categorised | Official source |
| Lloyds TSB Bank Plc, Lloyds TSB Scotland Plc, and Bank of Scotland plc | 15 Feb 2013 | £4,315,000 | PAYMENTS | Official source |
| Nestor Healthcare Group Limited | 14 Feb 2013 | £175,000 | GOVERNANCE | Official source |
| UBS AG | 8 Feb 2013 | £9,450,000 | INVESTMENT | Official source |
| The Royal Bank of Scotland plc | 6 Feb 2013 | £87,500,000 | Not categorised | Official source |
| Patrick Sejean | 24 Jan 2013 | £650,000 | MARKET_ABUSE | Official source |
| Harbinder Panesar | 15 Jan 2013 | £212,237 | Not categorised | Official source |
| Christopher Ollerenshaw | 7 Jan 2013 | £50,000 | LENDING | Official source |
| Thomas Reeh | 7 Jan 2013 | £10,000 | LENDING | Official source |
| Co-operative Bank plc | 4 Jan 2013 | £113,300 | INSURANCE | Official source |
Frequently asked questions
What is the largest FCA fine in 2013?
The largest FCA fine issued in 2013 and currently recorded by RegActions is £137,610,000, issued to JP Morgan Chase Bank NA on 18 Sep 2013 by the Financial Conduct Authority. This reflects amounts that have passed RegActions' amount-review gate; see the fines table below for the complete, source-linked list.
How much has FCA fined in 2013?
RegActions records £473,213,738 in disclosed Financial Conduct Authority (FCA) monetary penalties in 2013, based on source-linked notices that have passed the amount-review gate. This excludes non-monetary actions such as prohibitions and public censures.
How many FCA penalties were issued in 2013?
RegActions has recorded 46 disclosed Financial Conduct Authority (FCA) monetary penalties in 2013 so far. This counts individual penalty notices, not firms, since some are fined more than once in a year.
How can I verify a FCA fine?
Start with the firm or individual name, the penalty date and the disclosed amount, then open the linked Financial Conduct Authority notice. The notice sets out the rule breaches, the affected period and the sanction. RegActions links every record to its official source; the regulator's own publication remains the authoritative record.
More FCA fines reports