Violation Tracker UK

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Violation Tracker UK Individual Case

Company: Norwich and Peterborough Building Society
Current Parent Company: Yorkshire Building Society
Parent at the Time of the Penalty Announcement: Norwich and Peterborough Building Society
Recap of Ownership Changes: Norwich and Peterborough Building Society merged with Yorkshire Building Society later in 2011.

Penalty: £1,400,000
Year: 2011
Date: 15 April, 2011
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: N&P paid a £1.4 million fine in settlement of a finding by the FSA that the company failed to take reasonable care to ensure its investment advice to customers was suitable when it sold Keydata Products.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: mutual
Major Industry of Parent: financial services
Specific Industry of Parent: building society
Source of Data: (click here)