Abi Fol Consulting Ltd v Financial Conduct Authority

Financial services – Financial Conduct Authority (FCA). The Upper Tribunal (Tax and Chancery Chamber) (the tribunal) ruled on the reference made to it by L, the sole director and shareholder of the applicant company, following a decision by the Financial Conduct Authority (FCA) to refuse the applicant's application under s 55A of the Financial Services and Markets Act 2000 for permission under Pt 4A of that Act to carry on a range of regulated activities. The tribunal remitted the application to the FCA, with a direction that the FCA reconsider and reach a decision in accordance with the tribunal's findings that L had been subject to an unjustified accusation.

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