FINANCIAL SERVICES -general insurance broker – whether director failed to exercise due skill care and diligence in managing the business – whether he took reasonable steps to ensure compliance with relevant standards regarding the operation of client money accounts – Statements of Principle 6 and 7 Fitness and properness of approved person – prohibition order in relation to significant influence functions – s 56 FSMA Financial penalty-appropriate level of penalty – s 66(3)FSMA.
References: [2015 UKUT 636 (TCC)
Links: Bailii
Jurisdiction: England and Wales
Last Update: 16 October 2020; Ref: scu.558950
