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Violation Tracker UK Individual Case

Company: Arnold Hill & Co LLP
Company City/Town: London
Company Nation/Region: England
Penalty: £1,530
Year: 2020
Date: 31 March, 2020
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Arnold Hill & Co LLP, London, United Kingdom, has agreed to pay a regulatory charge of £1,530, which was decided by the Investment Business Committee. This was in view of the firm's admitted breach of regulations 2.03b and 4.04 of the Designated Professional Body (Investment Business) Handbook 2018 for failing to apply for the required dual affiliate status for a partner when he became a partner on 1 May 2017 and for failing to ensure that an annual DPB compliance review was carried out in 2017, despite having been advised in its two previous QAD visits of the need to do so.
Action Type: agency action
Settlement Type: Investment Business Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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