Sign In
/
Register
Sign In
Register
Close
Close
Home
Pensions
Pensions Home
Personal Pension
Sipp
Auto-enrolment
State Pension
Retirement Income
Ssas
Investments
Investments Home
Responsible Money
Equities
Vantage Point
ESG Investing
Fixed Income
Investment Trusts
Multi-asset
Platforms
Model Portfolios
Talking Point
Mortgages
Mortgages Home
Residential
Buy-to-let
Commercial
Protection
Protection Home
Life Insurance
Critical Illness
Income Protection
Business Protection
Regulation
Regulation Home
Financial Conduct Authority
Financial Ombudsman Service
FSCS
Tax
Tax Home
Inheritance Tax
Capital Gains Tax
Avoidance
Tax Efficient Investments
National Insurance
HMRC
Your Industry
Your Industry Home
FT Wealth Management
Trade Bodies
Paraplanning
Consumer duty
Mergers and Acquisitions
Diversity and Inclusion
Opinion
Opinion Home
Liz Field
Simoney Kyriakou
Jeff Prestridge
Ken Davy
Stephanie Hawthorne
Ben Goss
Darren Cooke
Ask the Expert
CPD
Asset Allocator
Asset Allocator Home
Equities
Fixed Income
Alternatives
Income
Growth
Value
Active
Passive
Podcast
Home
Pensions
Personal Pension
Sipp
Auto-enrolment
State Pension
Retirement Income
Ssas
Investments
Responsible Money
Equities
Vantage Point
ESG Investing
Fixed Income
Investment Trusts
Multi-asset
Platforms
Model Portfolios
Talking Point
Mortgages
Residential
Buy-to-let
Commercial
Protection
Life Insurance
Critical Illness
Income Protection
Business Protection
Regulation
Financial Conduct Authority
Financial Ombudsman Service
FSCS
Tax
Inheritance Tax
Capital Gains Tax
Avoidance
Tax Efficient Investments
National Insurance
HMRC
Your Industry
FT Wealth Management
Trade Bodies
Paraplanning
Consumer duty
Mergers and Acquisitions
Diversity and Inclusion
Opinion
Liz Field
Simoney Kyriakou
Jeff Prestridge
Ken Davy
Stephanie Hawthorne
Ben Goss
Darren Cooke
Ask the Expert
CPD
Asset Allocator
Equities
Fixed Income
Alternatives
Income
Growth
Value
Active
Passive
Podcast
Search
Close
Regulation
Sep 11 2023
Three recent cases raise questions over FCA enforcement strategy
Describe the interaction between Upper Tribunal and the Financial Conduct Authority
Highlight the UT's criticism of the FCA
Explain what the authors suggest about challenging FCA enforcement decisions
Describe the interaction between Upper Tribunal and the Financial Conduct Authority
Highlight the UT's criticism of the FCA
Explain what the authors suggest about challenging FCA enforcement decisions
CPD
Approx.
30min
CPD
Approx.
30min
Search supported by
CPD
Approx.
30min
The FCA has had three recent cases overturned (REUTERS/Toby Melville/File Photo/Fotoware)
By
James Alleyne and Phil Taylor
Prev
PAGE 5 OF 5
Next
More on
Regulation
Lords slam FCA as 'unacceptable' for not pausing name and shame plans
Al Rush: FCA 'name and shame' proposals 'a blunt instrument'
'Increased regulation barrier to entrants in advice space'
Most Read
State Pension
May 7 2024
Compensation for Waspi women cannot be 'one size fits all'
Bonds
May 7 2024
Prudential changes processes after adviser unable to invest £400k into bond
FT Wealth Management
May 7 2024
Friendshoring, nuclear buttons and a space race: what geopolitics is telling investors
CPD
Approx.
30min
Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.
How have the UT's judgments treated three recent enforcement cases from the FCA?
It has been very critical
It has been moderately critical
It has been neutral
It has been positive
What did the UT find with regard to Markou?
He had behaved recklessly, but still acted with integrity
He had behaved recklessly and without integrity
He had not behaved recklessly or without integrity, and was otherwise spotless
He had not behaved recklessly, or without integrity, although he was missing insurance
The matter is closed regarding Markou, true or false?
True
False
Which of the following is NOT a criticism by the UT of the FCA in the Julius Baer case?
It relied heavily on the evidence of another individual without calling them as a witness
The time taken for the FCA to issue a Decision Notice
Its failure to ensure that potentially undermining evidence was placed before the UT
It was too hasty in reaching a decision
On what basis did the UT reject the FCA's case on BlueCrest Capital Management?
It rejected it on an technicality
It decided that BlueCrest did not behave recklessly
The UT struggled to identify for itself the essence of the FCA’s reasoning
It concluded that BlueCrest clients only suffered a small loss
The authors state that persons under investigation may want to save costs and time by skipping the RDC stage altogether and proceeding directly to the Tribunal; true or false?
True
False
To bank your CPD you must
sign in
or
Register
.
More on
Regulation
Regulation
May 2 2024
Lords slam FCA as 'unacceptable' for not pausing name and shame plans
Regulation
May 2 2024
Al Rush: FCA 'name and shame' proposals 'a blunt instrument'
Regulation
May 1 2024
'Increased regulation barrier to entrants in advice space'
Regulation
May 1 2024
Peers warn investment trusts under threat in letter to FCA
Regulation
Apr 29 2024
Trade bodies ask chancellor to step in over FCA 'name and shame' proposals
Related Topics
Regulation
CPD
For unlimited access to FTAdviser content...
Register now for free
Read the latest news and views from the world of financial advice
Never miss a story - sign up to our email alerts
Bank CPD while you read
Register
Have an account?
Sign In