: Now-bankrupt former FTSE 100 company censured over market abuse

The Financial Conduct Authority on Friday censured NMC Health for misleading the market about its debt. The company, which made it into the FTSE 100 in 2017, “published a series of financial statements and several clarification announcements, which contained materially inaccurate information about its debt position,” the FCA said, understating its debts by as much as $4 billion. The UAE-based firm was placed into administration in April 2020. The FCA said it opted against a fine since it did not want to reduce the fund available to creditors.

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