Timothy Edward Baldwin and WRT Investments Limited v Financial Services Authority: FIN/2005/0011

Upper Tribunal Tax and Chancery decision of Judge Bartlett QC, Member Douch and Member Carter on 24 January 2006.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 1 December 2016

• Category: Financial Services
• Release date: 24 January 2006

Read the full decision in Timothy Edward Baldwin and WRT Investments Limited v Financial Services Authority: FIN/2005/0011.

MARKET ABUSE - Conditions - Information not generally available to the market - Transactions in 2003 - Whether Applicants traded in shares in reliance on inside information, being information not generally available to market - No - Condition (a) of s.118(2) of FS&MA 2000 not satisfied - No penalty to be imposed PROCEDURE - Submission of no case to answer - Tribunal’s discretion in dealing with submission.

Published 1 December 2016