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FSA’ fines Sir Ken Morrison for failure to disclose reduced shareholdings in Wm Morrison Supermarkets Plc
- Squire Sanders Hammonds
- -
- United Kingdom
- -
- October 4 2011
The Financial Services Authority (‘FSA’) has published a Final Notice (dated 16 August 2011) imposing a penalty of £210,000 on Sir Ken Morrison, the former chairman of Wm Morrison Supermarkets Plc (‘the Company’), for breach of the Disclosure and Transparency Rules (‘DTR’) resulting from a failure to disclose his reduced shareholding and voting rights in the Company
