Richard Adam
Individual7 Jan 2026Fine · £232,800
01 · In plain English
What happened.
The FCA fined former Carillion finance director Richard Adam £232,800 on 7 January 2026 for being knowingly concerned in Carillion’s publication of misleading information. The regulator found he was aware of serious problems in Carillion’s UK construction business but failed to ensure that announcements, or the board and audit committee, were properly informed; the breaches included Article 15 of the Market Abuse Regulation (no false or misleading signals), Listing Rule 1.3.3R (don’t publish misleading information), Listing Principle 1 (have adequate procedures, systems and controls) and Premium Listing Principle 2 (act with integrity). Mr Adam — finance director from April 2007 to 31 December 2016 — withdrew his challenge to the FCA’s decision.
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 published.
On 7 January 2026, the Financial Conduct Authority fined Richard Adam £232,800. The Final Notice refers to knowing concern in breaches of Article 15 of the Market Abuse Regulations, Listing Rule 1.3.3R, Listing Principle 1 and Premium Listing Principle 2. Source: the FCA's published list of 2026 fines.
03 · Press coverage
How it was reported.
- Primary Market Bulletin 62 | FCAFinancial Conduct Authority · 31 Mar 2026
- FCA fines two former Carillion directors for misleading investors before collapseThe Guardian · 7 Jan 2026
- FCA fines former finance directors of Carillion plcFinancial Conduct Authority · 6 Jan 2026
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