01 · In plain English
What happened.
Bastion Capital London Ltd (in liquidation) was fined £2,452,700 by the Financial Conduct Authority for breaches of Principle 2 (firms must conduct business with due skill, care and diligence) and Principle 3 (firms must take reasonable care to organise and control their affairs responsibly and effectively, including adequate risk-management systems). The FCA’s action related to conduct between January 2014 and September 2015 and the penalty was imposed on 12 July 2023. The action is recorded in the FCA’s final notice for the firm.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA register says.
On 12 July 2023, the Financial Conduct Authority (the FCA) imposed a financial penalty of £2,452,700 on Bastion Capital London Ltd (in liquidation) (Bastion) for breaching Principle 2 and Principle 3 of the FCA’s Principles for Business between January 2014 and September 2015.
03 · Firm details
Firm on the FCA register.
- Firm name
- Bastion Capital London Ltd
- Firm reference number
- 232423
- Register status
- No longer authorised
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