The FCA is also investigating allegations that Odey breached integrity rules and failed to comply with conduct rules relating to integrity and due skill, care and diligence.
The FCA's contact with the police relates to allegations that are "potentially criminal in nature".
Odey was cleared in 2021 of sexually assaulting a female banker in 1998, but was ousted from his roles at ODEY ASSET MANAGEMENT (OAM) after media allegations of historic sexual misconduct came to light.
OAM has been battling to contain the fallout from the crisis, which included a deposit flight by customers, asset sales, and the offloading of several of its funds to rivals.
The FCA's "fit and proper" test is centered on a person's ability to do a job honestly and to protect consumers, although it also considers factors such as past criminal and civil proceedings.
Individuals can be banned from working in the financial services industry if the FCA considers them not "fit and proper".
LONDON DAILY ARCHIVE
FCA in Contact with Police as it Investigates Crispin Odey's 'Fit and Proper' Status
The City watchdog, Financial Conduct Authority (FCA), has confirmed that it has been in contact with the police as it investigates whether scandal-hit hedge fund manager Crispin Odey is a "fit and proper person" to work in financial services.
06 July 2023 · 20:11 UTC
