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Financial Services – Financial Conduct Authority (FCA). The Upper Tribunal (Tax and Chancery Chamber)(the tribunal) held that the correct construction of art 58(3)(c) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013, SI 2013/1881, was that the applicant's interim permission which arose under art 56 of that Order ceased to have effect when a Decision Notice was given in respect of the applicant's application for a Pt 4A permission under the Financial Services Act 2000.
Financial Services – Financial Conduct Authority (FCA). The Upper Tribunal (Tax and Chancery Chamber)(the tribunal) held that the correct construction of art 58(3)(c) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013, SI 2013/1881, was that the applicant's interim permission which arose under art 56 of that Order ceased to have effect when a Decision Notice was given in respect of the applicant's application for a Pt 4A permission under the Financial Services Act 2000.
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