DARREN ANTONY REYNOLDS v THE FINANCIAL CONDUCT AUTHORITY [2025] UKUT 00413 (TCC)

Upper Tribunal Tax and Chancery Decision of JUDGE MARK BALDWIN on 15 December 2025

From:
HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
Published
15 December 2025
Category:
Financial Services
Release date:
15 December 2025

Read Full Decision DARREN ANTONY REYNOLDS v THE FINANCIAL CONDUCT AUTHORITY

Financial Services – financial penalty under section 66 Financial Services and Markets Act 2000 (“FSMA”): effect of competing claims from HMRC and the Official Receiver on the calculation of the amount to be disgorged section 69 FSMA and paragraph 6.5B.1 of the Authority’s Decision Procedure and Penalties manual – limitation: when did the Authority first know of the Applicant’s misconduct? –  section 66(4)-(5ZA) FSMA

Updates to this page

Published 15 December 2025