Source: All England Reporter
Publisher Citation: [2013] All ER (D) 51 (Jan)
Neutral Citation: [2013] Lexis Citation 01
Court: Upper Tribunal (Tax and Chancery Chamber)

Sir Stephen Oliver QC, Catherine Farquharson and Keith Palmer

Representation The first applicant appeared in person.
  Sharif A Shivji for the authority.
Judgment Dates: 2 January 2013


Financial services - Financial Services Authority (FSA) - Regulation of financial services - Regulated activity - Authorisation - Fit and proper person - Claimant applying to Financial Services Authority (FSA) for authorisation - Claimant later admitting dishonesty in previous investigation - Claimant failing to mention investigation when applying to FSA - FSA discovering both dishonesty and failure to mention investigation and rejecting claimant's application - Claimant appealing citing mistake due to pressure of time - Whether FSA havin good reason for rejecting claimant's application.

The Case

Financial services Financial Services Authority (FSA). The Upper Tribunal (Tax and Chancery Chamber) Financial Services upheld a decision of the respondent Financial Services Authority issuing a decision notice to the effect that the applicant's application for approval under of the Financial Services and Markets Act 2000 would be dismissed on the basis that the applicant was not a fit and proper person due to his dishonesty in a previous investigation and his failure to mention that investigation to the authority on his application form.

Practice Areas

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