FCA raps Aviva on the knuckles over share announcement
Insurer apologises over 2018 announcement with the potential to mislead the market in a “serious but not intentional” breach.
The Financial Conduct Authority (FCA) has today publicly censured Aviva for making an announcement that had the potential to mislead the market.
The regulator detailed that the announcement on 8 March 2018 (the Announcement) concerned Aviva’s preliminary year-end results.
However, the watchdog has not issued a financial penalty because Aviva reacted quickly and put in place a payment scheme for shareholders affected.
Oversight
Mark Steward, executive director of enforcement and market
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