SARANAC PARTNERS LIMITED v THE FINANCIAL CONDUCT AUTHORITY [2024] UKUT 00254 (TCC)
Upper Tribunal Tax & Chancery decision of Deputy Upper Tribunal Judge Anne Redston and Tribunal member Ms Susan Dale and Peter Freeman on 27 August 2024
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FINANCIAL SERVICES – Decision Notice issued on basis that the Authority not satisfied an individual was “fit and proper” to perform Chief Executive and Executive Director functions – Decision Notice referred to Tribunal – possible overlap with references made by Barclays –– Decision Notice based in part on findings of other court and Tribunal hearings – whether admissible – whether Tribunal should place weight on them – no witnesses called by the Authority – whether individual dishonest and/or lacked candour when responding to questions asked by the Authority during interviews in 2013 and 2014 – held, yes – whether Tribunal should also make other findings based on evidence put forward by Applicant – yes – if remitted to consider new facts, the outcome would inevitably be the same – Reference dismissed