Badaloo (trading as Church Hill Finance) v Financial Conduct Authority

Applicant's reference in relation to respondent Financial Conduct Authority's decision to cancel his permission to conduct certain regulated activities struck out for having no reasonable prospect of success – . The Upper Tribunal (Tax and Chancery Chamber) struck out the applicant's reference in relation to the respondent Financial Conduct Authority's decision to cancel his permission, under Pt 4A of the Financial Services and Markets Act 2000, to conduct designated investment business and regulated home finance business. The applicant's case lacked form and any material substance. It did not address any of the issues of substance in the case put by the authority. Accordingly, his case could not be regarded as having any reasonable prospect of success.

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