First Enforcement Action for breach of UK Senior Manager Conduct Rules
On 13 April 2023, the UK's Prudential Regulation Authority imposed a financial penalty of £81,620 on an individual for failing to comply with a Senior Manager Conduct Rule under the UK's Senior Managers and Certification Regime. This is the first enforcement action in the UK against a Senior Manager for a breach of the UK Senior Manager Conduct Rules. In our latest publication we discuss this decision, and the potential read-across to the Central Bank of Ireland's Individual Accountability Framework and Senior Executive Accountability Regime.
For further information in relation to this topic, please contact Dario Dagostino, Partner, Mark Devane, Partner, Patrick Brandt, Partner, Christopher Martin, Of Counsel, Sian Langley, Senior Knowledge Lawyer. Or your usual contact on the ALG SEAR team.
Date published: 2 May 2023