DAVID BRIAN PRICE and TONI FOX-BRYANT v THE FINANCIAL CONDUCT AUTHORITY [2024] UKUT 00357 (TCC)
Upper Tribunal tax and Chancery decision of JUDGE MARK BALDWIN on 13 November 2024
Read full decision FINANCIAL SERVICES – whether Applicants conduct reckless and in breach of Statement of Principle 1 – yes – references dismissed so far as prohibition orders under section 56 FSMA and withdrawal of approvals to perform senior management functions under section 63 FSMA concerned – consideration of impact of taxation and appropriate rate of interest to be used in calculating amount to be disgorged in financial penalties under section 66 FSMA – substantial financial penalties in order but calculations to be reviewed