FCA censures Aviva for 'transparency rules breach'

FCA censures Aviva for 'transparency rules breach'

The FCA today publicly censured Aviva for issuing an announcement that had the potential to mislead the market, the British regulator said. The announcement was made in March 2018, and concerned Aviva's preliminary year-end results. The FCA's investigation into breaches of the Listing Rules and Transparency Rules found that the announcement was "reasonably capable" of giving the impression that Aviva intended to take action to cancel at par value certain preference shares (which had be...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.