At the start of this year, the Financial Conduct Authority (FCA) issued Final Notices against two former finance directors of Carillion plc (Carillion), Mr Adam and Mr Khan, in connection with misleading announcements, having reached a settlement with them ahead of the Upper Tribunal proceedings. We previously wrote about this development in our Notice in a Nutshell on these cases.
Subsequent to our briefing:
- in February 2026, the FCA issued a Final Notice to Richard Howson, the former chief executive of Carillion, having reached a settlement with him involving a fine of £237,700 in relation to his involvement in misleading announcements made by Carillion; and
- in April 2026, the FCA published Primary Market Bulletin 62 which describes some key features of the FCA’s decisions related to Carillion.
We set out further detail on these developments in our latest briefing here. All of our publications in this series can also be found here.