Financial Services – Financial Conduct Authority. In the light of the applicants' conduct as former directors of Keydata Investment Services Ltd, the prohibition orders issued against them by the Financial Conduct Authority pursuant to s 56 of the Financial Services and Markets Act 2000, prohibiting each of them from performing any function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional person, were justified. Consequently, the Upper Tribunal (Tax and Chancery Chamber) dismissed the references made to it by the applicants and confirmed the financial penalties imposed on the applicants.