PRA fines HDI Global SE £4,165,000 for inaccurate reporting of FSCS Liabilities and FSCS Fee Tariff data
News-screening summary only. This is not investment advice and does not confirm market response.
The UK Prudential Regulation Authority (PRA) has fined HDI Global SE £4,165,000 for submitting inaccurate FSCS Liabilities and FSCS Fee Tariff data on multiple occasions between August 2021 and August 2024. The fine was reduced from £5,950,000 due to a 30% discount for early resolution and participation in the Early Account Scheme. HDI Global SE has since remediated the errors, submitted corrected historical data, and paid additional FSCS levies. The breaches related to failures in due skill, care, diligence, and effective internal controls.
- Status
- Active
- Confirmation
- Confirmed
- Event type
- REGULATORY_ACTION
- Market scope
- ASSET
- Direction
- -1
- Impact / urgency
- 3 / 3
- Impact category
- MATERIAL
- Risk stance
- RISK OFF
- Promotion
- CONTEXT · 49/100
- Promotion reason
- Retained as context or archive material for completeness and later research.
- Duration class
- STRUCTURAL
- Assets
- None listed
- Sectors
- Financial Services, Insurance
- First detected
- Impact started
- Scheduled for
- Not published
- Occurred at
Sources
PRA fines HDI Global SE £4,165,000 for inaccurate reporting of FSCS Liabilities and FSCS Fee Tariff data
Bank of England News · PRIMARY_AUTHORITY · Best available