PF(International) Ltd v The Financial Conduct Authority: [2018] UKUT 0400 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Herrington on 6 December 2018.
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FINANCIAL SERVICES – Supervisory Notice-Application for direction to suspend the effect of notice until reference disposed of - Notice varied Applicant’s permission by removing regulated activity of exercising lender’s rights and duties under regulated credit agreements - Reason for notice being failure to satisfy Threshold Conditions and to advance Authority’s consumer protection objective - whether Tribunal satisfied that the direction to suspend the effect of the notice would not prejudice the interests of consumers – no - Application dismissed - Rule 5 (5) The Tribunal Procedure (Upper Tribunal) Rules 2008.
Published 6 December 2018