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UK FRC fines Manchester Building Society finance director GBP25,000

( July 8, 2015, 09:52 GMT | Official Statement) -- MLex Summary: The UK Financial Reporting Council has fined Christopher Gee, the former finance director of Manchester Building Society, 25,000 pounds, as part of the settlement of a disciplinary case. The FRC claimed the company had illegally used “hedge accounting” on its financial statements from 2006 to 2011, which Gee failed to report.Full statement follows. Court documents attached below....

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