Source: All England Reporter
Publisher Citation: [2013] All ER (D) 102 (Jan)
Neutral Citation: [2013] Lexis Citation 08
Court: Upper Tribunal (Tax and Chancery Chamber)
Judge:

Judge Colin Bishopp

Representation The applicant appeared by his representative.
  Adrian Berrill-Cox of the Financial Services Authority for the FSA.
Judgment Dates: 10 January 2013

Catchwords

Financial services - Financial Services Authority (FSA) - Powers - Prohibition order - Prohibition order imposed on applicant in respect of various regulatory failings - Applicant unsuccessfully applying to FSA for revocation or variation of order - Applicant referring decision notice issued by Regulatory Decisions Committee of FSA to Upper Tribunal (Tax and Chancery Chamber) - FSA applying for direction striking out reference - Applicant applying for disclosure of various documents - Whether reference should be struck out.

The Case

Financial services Financial Services Authority (FSA). The Upper Tribunal (Tax and Chancery Chamber) struck out the reference made by a partner or sole principal in a firm in relation to the decision notice issued by the Regulatory Decisions Committee (RDC) of the Financial Services Authority (FSA) refusing to revoke or vary a prohibition order imposed on him by the FSA in respect of serious regulatory failings. The tribunal acceded to the FSA's application to strike out the reference on the ground that the reference had no conceivable prospect of success.

Practice Areas

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