On September 23, 2014, the UK FCA announced that it had fined Barclays Bank  Plc £37,745,000 for breach of the FCA’s Client Asset Rules as well as the  requirements that a firm should have adequate management, systems and controls  in place and should properly safeguard a client’s assets. The fine is the largest fine  imposed by the FCA (or its predecessor, the Financial Services Authority) for a  breach of the Client Asset Rules.

The announcement is available at:

http://www.fca.org.uk/news/barclays-fined-38- million-for-putting-16-5-billion-of-client-assets-at-risk.