Nazia Bi and Qadeem Mohammed v The Financial Services Authority: FIN/2010/0002 FIN/2010/0003

Upper Tribunal Tax and Chancery decision of Judge Oliver and Member Bates and Member Senior on 22 September 2011.

From:
HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
Published
1 December 2016
Category:
Financial Services
Release date:
22 September 2011

Read the full decision in Nazia Bi and Qadeem Mohammed v The Financial Services Authority: FIN/2010/0002 FIN/2010/0003.

PENALTY – Breach of APER 6 – Decision Notice issued in ignorance of financial circumstances of Applicants – Penalties reduced to take account of hardship – Fuller details of financial circumstances received by FSA after Decision Notice – Whether Tribunal should increase penalties – Implication of Applicants’ non-cooperation with the FSA (APER 4)- Decision Notice made no determination regarding breaches of APER 4 – Whether penalties should be imposed for such breaches - No.

Updates to this page

Published 1 December 2016