Ernest Thomas Rayner and John Robert Townsend v The Financial Services Authority:FIN/2003/0017 FIN/2003/0018
Upper Tribunal Tax and Chancery decision of Judge Blair QC and Member Bates and Member Palmer on 6 August 2004.
Read the full decision in
FSA: REGULATORY ACTION AGAINST INDIVIDUALS – withdrawal of approval – prohibition order – fit and proper – obligations under Pensions Review – importance of compliance – disposal of assets without making proper provision for review – lack of integrity – proportionality of action – test to be applied.