Summary On 21 February 2019, the Financial Conduct Authority (“FCA”) issued its first competition law infringement decision since it was given competition law powers on 1 April 2015. Three asset management firms were found to have shared strategic information during an initial public offering (“IPO”) and a placing in 2015. One firm was granted immunity from fines under the competition law leniency programme. The other two firms were fined £306,300 and £108,600 respectively. The FCA’s decision follows the announcement on –Read More–