Jean-Noel Alba, the former deputy chief executive officer of French asset manager H2O AM LLP (H2O) has been fined £1,049,500 by the FCA and banned from the financial services industry.

The FCA has proposed remove further unnecessary data reporting, that it said will benefit nearly all firms.

Financial Planners and advisers can now access a single point of sign in with the FCA for regulatory reporting tasks, including submitting regulatory data and paying fees.