Whether Chief Executive of small insurer demonstrated a lack of integrity in relation to issues arising out of his wife’s employment by the insurer – Statement of Principle 1 of the FCA’s and PRA’s Statements are of Principle for Approved Persons, Rule 1 FCA’s Individual Conduct Rules and Individual Conduct Standard 1 PRA’s Insurance Conduct Standards
Financial penalty – whether action to impose financial penalty partially time-barred- whether financial penalty appropriate and if so appropriate level of penalty – s 66 FSMA
Fitness and properness of director as approved person – prohibition order in relation to all functions in relation to regulated activities – s 56 FSMA
[2021] UKUT 162 (TCC)
Bailii
England and Wales
Updated: 17 July 2021; Ref: scu.665568 br>