FCA censures former FTSE 100 company but stops short of a fine as no funds are expected to be left
The financial watchdog has found that collapsed hospital operator NMC Health committed market abuse by understating its debts by as much as $4bn (£3.2bn).
The Financial Conduct Authority (FCA) censured the former FTSE 100 company on Friday for misleading the market but stopped short of fining it as no funds are expected to be left at the business once outstanding debts to creditors are paid out.
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