Rebecca Geers
Court of Appeal Rules in Favour of the FCA in Significant Redress Decision for all Regulated Firms
By Harry Denlegh-Maxwell, William Merry and Rebecca Geers on Oct 22, 2024
Posted In Court Judgment, Regulatory/Compliance, Private Equity, United Kingdom
Introduction In a landmark ruling, the Court of Appeal recently confirmed that the FCA can impose a redress requirement on an FCA-regulated firm under section 55L Financial Services and Markets Act 2000 (FSMA) without needing to meet the pre-conditions for a statutory market-wide redress scheme under section 404F FSMA. Background BlueCrest Capital Management UK LLP...
Continue Reading
