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Screenshot of a breaking news alert e-mail from Q2 2017
The Financial Conduct Authority (FCA) has published a Decision Notice in respect of Mr Andrew Tinney, formerly Chief Operating Officer of Barclays Wealth and Investment Management (BWA).
This sets out the FCA’s finding that Mr Tinney should be publicly censured and banned from carrying out any senior management or Significant Influence Functions in any regulated financial service provider.
Mr Tinney disputes the FCA’s decision and has referred the matter to the Upper Tribunal at which the FCA and Mr Tinney will be able to present their cases. Accordingly, this decision notice has no effect pending the determination by the Tribunal.
In relation to the FCA’s decision to ban Mr Tinney from carrying out any senior management or Significant Influence Functions in any regulated financial service provider, the Tribunal will determine whether to dismiss the reference or remit it to the FCA with a direction to reconsider and reach a decision in accordance with the findings of the Tribunal. As regards the public censure, the Tribunal will determine what is the appropriate action for the FCA to take in relation to the matter.
The Tribunal’s decision will be made public on its website.