Andy McGregor, banking litigation partner at RPC, says: «The banks will have been negotiating with the regulator for months trying to come to a settlement to reduce the size of their fine, but also trying to limit the extent to which the FCA's
final penalty notice includes any admissions or evidence that could be used against them in a potential civil claim in the future.
Not exact matches
Notice is hereby given pursuant to the Antitrust Procedures and
Penalties Act, 15 U.S.C. 16 (b)- (h), that a proposed
Final Judgment, Stipulation and Competitive Impact Statement have been filed with the United States District Court for the Southern District of New York in United States of America v. Apple, Inc. et al., Civil Action No. 12 - CIV - 2826.
On 9 February 2017 the PRA issued its
Final Notice in respect of its investigation against The Bank of Tokyo - Mitsubishi UFJ Limited («BTMU») and MUFG Securities EMEA plc («MUS (EMEA)») which imposed financial
penalties of # 17.85 m against BTMU and a fine of # 8.925 m against MUS (EMEA) for failing to be open and cooperative with the PRA in relation to enforcement action into BTMU by the New York Department of Financial Services («DFS»).
As motorists must pay their tolls, a
Penalty Notice can be issued without previously sending a Toll
Notice or
Final Toll
Notice.