Timothy Edward Baldwin and WRT Investments Limited v Financial Services Authority: FIN/2005/0011
Upper Tribunal Tax and Chancery decision of Judge Bartlett QC, Member Douch and Member Carter on 24 January 2006.
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MARKET ABUSE - Conditions - Information not generally available to the market - Transactions in 2003 - Whether Applicants traded in shares in reliance on inside information, being information not generally available to market - No - Condition (a) of s.118(2) of FS&MA 2000 not satisfied - No penalty to be imposed PROCEDURE - Submission of no case to answer - Tribunal’s discretion in dealing with submission.
Published 1 December 2016