Davidson v The Financial Services Authority: FSMT 9 Aug 2004

FSMT PERFORMANCE OF REGULATED ACTIVITIES – Respondent’s refusal to approve performance by Applicant of controlled functions – three preliminary issues – whether Respondent in breach of time limit in section 61(3) – yes – Whether that made the warning notice and the decision notice void – no – whether the fact that the Respondent has appointed investigators in respect of the Applicant are grounds sufficient in themselves for a conclusion that the Applicant is not a fit and proper person – no – reference not yet determined – Financial Services and Markets Act 2000 ss 61, 133

Citations:

[2004] UKFSM FSM008

Links:

Bailii

Financial Services

Updated: 11 June 2022; Ref: scu.200429