Alistair Rae Burns v The Financial Conduct Authority: [2018] UKUT 0246 (TCC)

Upper Tribunal Tax and Chancery decision of Judge Herrington on 31 July 2018.

Read the full decision in Alistair Rae Burns v The Financial Conduct Authority: [2018] UKUT 0246 (TCC).

FINANCIAL SERVICES - independent financial adviser firm advising on suitability of transferring occupational pension and personal pension benefits into a self-invested pension scheme - whether director failed to take reasonable steps to manage firm’s business so as to ensure that it complied with relevant requirements and standards of the regulatory system

Financial penalty - whether action to impose financial penalty time-barred-if not whether financial penalty appropriate and if so appropriate level of penalty - s 66 FSMA

Fitness and properness of director as approved person - prohibition order in relation to senior management and significant influence functions - s 56 FSMA

Published 1 August 2018