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Violation Tracker UK Individual Case

Company: Cadwallader & Co LLP
Company City/Town: Welshpool
Company Nation/Region: Wales
Penalty: £2,856
Year: 2021
Date: 1 April, 2021
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Cadwallader & Co LLP, Welshpool, United Kingdom, has agreed to pay a regulatory charge of £2,856, which was decided by the Investment Business Committee. This was in view of the firm's admitted breach of Designated Professional Body (Investment Business) Handbook 2018 regulation 2.07d for failing to notify ICAEW of the appointment of two principals in April 2017 and May 2019 respectively within10 business days, and regulation 2.03b for failing to ensure that these principals held DPB affiliate status, rendering the firm ineligible to hold a DPB licence from April 2017 to February 2019 and May 2019 to September 2020.'
Action Type: agency action
Settlement Type: Investment Business Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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