UK - The FCA has published its first decision notice featuring a Focused Resolution Agreement since their introduction in February 2017

On 27 September 2018, the FCA issued the first decision notice that features the use of a Focused Resolution Agreement (FRA).  FRAs were one of the enforcement process reforms introduced in February 2017.  They allow a firm or individual to preserve their settlement discount of up to 30 per cent whilst disputing parts of the FCA's decision (including its proposed penalty) - provided that they agree some or all of the findings and breaches with the FCA.  In this case, Linear Investments Limited