What is the punishment for breach of FCA Conduct of business?

The punishment for a breach of the FCA Conduct of Business is indeed significant, reflecting the seriousness of such violations within the regulatory framework of financial services. A two-year jail term, along with an unlimited fine, signifies the regulatory body's commitment to maintaining high standards of conduct within financial markets. This serves to deter individuals and firms from engaging in misconduct, ensuring that they adhere to the established rules and standards for fair business practices.

The imposition of both imprisonment and financial penalties illustrates that the consequences for breaches are not merely administrative but can include severe criminal sanctions. This structured approach underscores the importance of compliance and ethical behavior in the financial sector.