At the end of June 2020, the Financial Conduct Authority (the “FCA”) issued a public censure to Redcentric PLC for market abuse resulting from significant accounting errors. The resolution is particularly eye-catching because the FCA elected not to fine Redcentric, but instead settled the matter with a lenient resolution acknowledging the vital work conducted by the company in supplying IT solutions to the NHS during the COVID-19 period and also the creation of a shareholder compensation scheme. The FCA also announced criminal charges against the implicated individuals. This resolution comes in light of the Financial Reporting Council’s (the “FRC”) sanction in June 2019 against Redcentric’s audit firm and partners.