FCA fines Reckitt Benckiser
FCA fines Reckitt Benckiser £539,800 for listing rule failures.
FCA has issued a press release today regarding Reckitt Benckiser, stated that:
Due inadequate systems and controls to monitor share-dealing by its senior executives in its own shares, which this contributed to late and incomplete disclosure to the market of share dealings by two senior executives, FCA imposed a financial penalty.
RB agreed to settle at an early stage of the investigation qualifying for a 30% discount, without which the FCA would have imposed a financial penalty of £771,190.
Source: FCA – FCA fines Reckitt Benckiser £539,800 for listing rule failures
