Finance watchdog probes Crispin Odey’s ‘fitness to work’ after sexual misconduct allegations

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Regulator reveals wealthy fund manager has been under investigation for two years

Individuals can be banned from working in UK financial services if the FCA deems they are not “fit and proper”.

The FCA said Mr Odey, one of Britain’s most controversial fund managers, had not held an approved senior manager role since 2020.later this month about its supervision of OAM and Mr Odey. Mr Rathi told MPs the FCA’s oversight of OAM had been “intensive” since 2020.or other non-financial misconduct is unlikely to be one in which people feel able to speak up and challenge decisions, or one in which they will have faith that concerns will be independently and fairly assessed.

The FCA would be providing further guidance to the finance industry on this issue, including how non-financial misconduct should be considered within its rules, later this year.

 

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