Bayliss and Co (Financial Services) Ltd v The Financial Conduct Authority: UTTC 21 May 2015

UTTC FINANCIAL SERVICES – independent financial adviser – whether approved person able to demonstrate that he provided suitable advice – whether he took reasonable steps to ensure compliance with regulatory standards-Statements of Principle 2 and 7 Financial Penalty-whether action precluded by limitation – s66(4), (5) FSMA – appropriate level of penalty – s66(3) FSMA Fitness and properness of approved person-withdrawal of approvals and prohibition order in relation to significant influence functions – s56 and 63 FSMA Cancellation of firm’s permission – s 55J FSMA

[2015] UKUT 265 (TCC)
Bailii
England and Wales

Financial Services

Updated: 01 January 2022; Ref: scu.549089