A competition law first

Johnson, Diana

Abstract

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.

• 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• Peer Reviewed: Not Peer Reviewed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: https://uwe-repository.worktribe.com/output/1704694
• Publisher URL: https://www.newlawjournal.co.uk/content/a-competition-law-first