Alistair Rae Burns v The Financial Conduct Authority: [2018] UKUT 0246 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Herrington and Member Farquharson and Member Dale on 31 July 2018.
Read the full decision in .
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