CRAIG FRANCIS DONALDSON and DAVID THOMAS ARDEN v The Financial Conduct Authority [2025] UKUT 00185 (TCC)

Upper Tribunal Tax and Chancery decision of JUDGE ANNE REDSTON on 16 June 2025

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 17 June 2025

• Category: Financial Services
• Release date: 16 June 2025

Read full decision Craig Francis Donaldson and David Thomas Arden v The Financial Conduct Authority

FINANCIAL SERVICES – Metro Bank’s trading update for Q3 2018 included incorrect statements about risk-weighted assets – whether breach of Listing Rules by the bank –whether Applicants were “knowingly concerned” in the breach – meaning of “knowingly concerned” – whether penalties charged are appropriate – penalties reduced

Published 17 June 2025