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Violation Tracker UK Individual Case

Company: Santander UK plc
Current Parent CompanyBanco Santander
Penalty: £1,500,000
Year: 2012
Date: 20 February, 2012
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Santander paid a £1.5 million fine in settlement of a finding by the FSA that the company failed to provide clear and accurate information about certain investment products, specifically that they had limited cover under the Financial Services Compensation Scheme.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Spain
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)