*/
Financial Services – Financial Conduct Authority (FCA). In the course of proceedings brought against the defendants by the Financial Conduct Authority, a preliminary issue arose for determination. The defendants submitted that the schemes in issue were not collective investment schemes, as they had neither of the characteristics required by s 235(3) of the Financial Services and Markets Act 2000, namely, pooling of profit or management as a whole. The Chancery Division held that all of the investment schemes under consideration were collective investment schemes within the meaning of s 235 of the Act.
Financial Services – Financial Conduct Authority (FCA). In the course of proceedings brought against the defendants by the Financial Conduct Authority, a preliminary issue arose for determination. The defendants submitted that the schemes in issue were not collective investment schemes, as they had neither of the characteristics required by s 235(3) of the Financial Services and Markets Act 2000, namely, pooling of profit or management as a whole. The Chancery Division held that all of the investment schemes under consideration were collective investment schemes within the meaning of s 235 of the Act.
Now is the time to tackle inappropriate behaviour at the Bar as well as extend our reach and collaboration with organisations and individuals at home and abroad
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Save for some high-flyers and those who can become commercial arbitrators, it is generally a question of all or nothing but that does not mean moving from hero to zero, says Andrew Hillier
