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UK Competition Authority Issues Fines For Obstruction During A Dawn Raid On Companies And Individual Employees, Underlining The Importance Of Regular Dawn Raid Training
The UK Competition and Markets Authority has imposed its first-ever civil penalties on individual employees for concealing evidence during a dawn raid investigation into suspected bid-rigging in the construction sector. While the company fine was modest at £25,000, the personal fines of £20,000 and £5,000 on staff members mark a significant enforcement milestone, particularly as new turnover-based penalty rules introduced in 2025 could result in substantially higher fines for similar future m
United Kingdom Anti-trust
S
Steptoe LLP
Article
The UK Sustainability Reporting Standards: The FCA's Latest Consultation And The Comply Or Explain Approach
The Financial Conduct Authority has published final rules requiring UK listed companies to align sustainability and climate disclosures with UK Sustainability Reporting Standards, replacing the current TCFD framework. Operating on a 'comply or explain' basis, these rules extend beyond climate to cover all material sustainability matters including biodiversity, workforce risks, and supply chain resilience.
United Kingdom Commercial
M
Macfarlanes LLP
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