FCA fines Chair of listed company for market abuse
On 5 August 2022, the FCA issued a final notice to Sir Christopher Gent, the former non-executive Chair of ConvaTec Group plc (Company), fining him £80,000 for committing market abuse by unlawfully disclosing inside information.
The final notice includes important guidance on: what amounts to inside information, the obligation to disclose inside information “as soon as possible”, and the circumstances in which selective disclosure of inside information may be permitted.