Decision noticeFSMA
James Edward Staley
IRN JXS0220830 May 2023Proposed penalty · £1,812,800
Decision notice – not final. The subject can refer a decision notice to the Upper Tribunal, and the action, including any penalty, takes effect only when the FCA issues a final notice. Proposed penalties are not counted in the tracker's fine totals.
01 · In plain English
What happened.
The FCA issued a Decision Notice on 30 May 2023 proposing to prohibit James Edward Staley from performing any senior management or significant influence function and to impose a fine of £1,812,800. The Decision Notice says Mr Staley breached Individual Conduct Rule 1 (must act with integrity), Individual Conduct Rule 3 (must be open and cooperative with the FCA and other regulators) and Senior Manager Conduct Rule 4 (must disclose appropriately information the FCA would reasonably expect to be told). Mr Staley has referred the Decision Notice to the Upper Tribunal, so the FCA’s findings are provisional and the proposed prohibition and fine have no effect while the Tribunal decides the case.
Written by an AI model from the FCA's notice and press reports and not reviewed by a person. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA register says.
The FCA has given Mr James Edward Staley a Decision Notice which sets out that the FCA has decided to prohibit him from performing any senior management or significant influence function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional firm, and impose a fine of £1,812,800. Mr Staley has referred the Decision Notice to the Upper Tribunal. Any findings in the Decision Notice are therefore provisional and reflect the FCA's belief as to what occurred and how it considers the behaviour of Mr Staley should be characterised. The proposed action outlined in the Decision Notice will have no effect pending the determination of the case by the Tribunal. The Tribunal's decision will be made public on its website. The Decision Notice has been issued as a result of the FCA deciding that Mr Staley breached Individual Conduct Rule 1, Individual Conduct Rule 3 and Senior Manager Conduct Rule 4. www.fca.org.uk/publication/decision-notices/james-edward-staley-2023.pdf
03 · Individual details
Person on the FCA register.
- Name
- James Edward Staley
- Individual reference number
- JXS02208
- Register status
- Regulatory approval no longer required
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