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A competition law first

Johnson, Diana

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The Financial Conduct Authority (FCA) published the full text of its first competition law decision in May 2019. The decision related to three asset management firms whose employees operated a cartel sharing price sensitive information during an initial public offering and a placing. The case shows the successful operation of the leniency policy, with one of the three firms escaping financial penalties because it acted as whistleblower to the FCA. This case is significant because it involves the first use by the FCA of its competition law powers to enforce a cartel.


Johnson, D. (2019). A competition law first. New Law Journal, 7848,

Journal Article Type Article
Acceptance Date Jun 7, 2019
Online Publication Date Jul 11, 2019
Publication Date Jul 12, 2019
Deposit Date Aug 5, 2019
Publicly Available Date Jul 26, 2019
Print ISSN 0306-6479
Publisher New Law Journal
Peer Reviewed Not Peer Reviewed
Volume 7848
Public URL
Publisher URL


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