Nazia Bi and Qadeem Mohammed v The Financial Services Authority: FIN/2010/0002 FIN/2010/0003

Upper Tribunal Tax and Chancery decision of Judge Oliver QC and Member Bates and Member Senior on 22 September 2011.

Read the full decision in Nazia Bi and Qadeem Mohammed v The Financial Services Authority: FIN/2010/0002 FIN/2010/0003.

PENALTY – Breach of APER 6 – Decision Notice issued in ignorance of financial circumstances of Applicants – Penalties reduced to take account of hardship – Fuller details of financial circumstances received by FSA after Decision Notice – Whether Tribunal should increase penalties – Implication of Applicants’ non-cooperation with the FSA (APER 4)- Decision Notice made no determination regarding breaches of APER 4 – Whether penalties should be imposed for such breaches - No.

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