Bayliss and Co (Financial Services) Limited and Clive John Rosier v The Financial Conduct Authority: [2015] UKUT 0265 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Herrington and Member Neill and Member White on 21 May 2015.
Read the full decision in .
FINANCIAL SERVICES – independent financial adviser-whether approved person able to demonstrate that he provided suitable advice-whether he took reasonable steps to ensure compliance with regulatory standards-Statements of Principle 2 and 7 Financial Penalty-whether action precluded by limitation-s66(4), (5) FSMAappropriate level of penalty-s66(3) FSMA Fitness and properness of approved person-withdrawal of approvals and prohibition order in relation to significant influence functions-s56 and 63 FSMA Cancellation of firm’s permission-s55J FSMA.
Published 1 December 2016