Regulatory notice

Shenward LLP

In terms of Regulation 5.30 of the ICAS Public Practice Regulations, notice is given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,000 to the firm of Shenward LLP (firm number F3954). The firm has acknowledged that it held client money in a non-client money account between August 2023 and May 2024, in breach of Regulation 4.2 of the ICAS Clients’ Money Regulations.