Reply from FCA18 May 2021 16:48
Dear Mr Sinden
Thank you for your email regarding Hurricane Energy plc (the Company) and your concerns regarding the Company’s upcoming financial restructuring.
This matter has been received by the Market Integrity Unit in the Market Oversight Directorate (MO) of the FCA. MO is responsible among other things for monitoring issuers’ compliance with the Market Abuse Regulation (MAR). MIU is also responding on behalf of the other recipients of your email within the FCA.
We are reviewing the issues that you have brought to our attention with a view to determining whether it is appropriate for us to exercise any of our statutory powers. As part of such reviews we may use the information gathering powers available to us to seek further information from the subjects of the enquiry and reach out to other agencies as appropriate.
Once we have completed our review, we will consider whether it is appropriate for the FCA to launch a formal investigation via its Enforcement Division, whether some other form of intervention is required or whether the case should be closed with no action. In particular, an important part of our consideration is the potential seriousness of the misconduct.