On 21 September 2015, the FCA issued a Final Notice imposing a fine of £350,000 against Mr Craig McNeil, and prohibiting him from performing any significant influence function in relation to regulated activities. 

The FCA found that Mr McNeill, the Finance Director at Keydata Investment Services Limited (Keydata), had failed to disclose information relating to the failure of a Luxembourg SPV to make payments to Keydata, and that on a number of occasions he had failed to act with due skill, care and diligence.

The Final Notice follows on from previous Decision Notices issued in respect of other Keydata personnel in May 2015, and has been followed by a further Final Notice on 30 September 2015, in relation to similar issues against an independent financial adviser.