Law360, London (February 22, 2019, 8:59 PM GMT) -- The Financial Conduct Authority issued its first-ever fines under its four-year-old competition enforcement powers Thursday with a decision against three asset managers that extends the potential circumstances under which the sharing of information could raise serious antitrust issues — showing the watchdog is ready to test the reach of its powers.
The Financial Conduct Authority on Thursday issued its first-ever antitrust fines in an unusual case involving information-sharing by three asset managers. (AP) Britain’s financial watchdog found the three asset managers shared strategic information ahead of an initial public offering, in breach of U.K. competition rules. Lawyers said it is an unusual...
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