Fitness and propriety in financial services in the 21st century

Journal of Financial Regulation and Compliance

Volumn 8, Issue 2, 2000, Pages 109-117

  Virgo, John ^a   Ryley, Philip ^a,b  

^a Ringrose Wharton Co   (United Kingdom)

^b Pensions and Financial Services Unit   (United Kingdom)

Author keywords

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Indexed keywords

EID: 85032782788     PISSN: 13581988     EISSN: 17400279     Source Type: Journal    
DOI: 10.1108/eb025035     Document Type: Article

References (21)

1. References to the Bill are to the version published on 11th February, 2000.
2. The present text of the clause does not confine the required information to that which is reasonably required to determine the application as is otherwise expressly stated in s.26(2) of the Financial Services Act 1986.
3. Otherwise than by the cumbersome process of Judicial Review proceedings.
4. cf the High Court’s powers to set aside or refuse to grant orders requiring production of documents on grounds of proportionality/ irrelevance.
5. cf clause 166(4) of the Bill, which provides ʼno person may be required under this Part (XI) to produce or disclose a privileged communication’ (Part XI deals with the FSA’s investigation powers over authorised persons.
6. see Consultation Paper 26 on approved persons.
7. cf Re an Enquiry wider the Company Security (Insider Dealing) Act 1988 1 203 (Journalist obliged to disclose identity of informant about leaks of price sensitive information relating to takeover bids.
8. Clause 54(1) of the Bill.
9. 1954 1 WLR 1489.
10. Woods v Martins Bank [1959] 1 QB 55 at 72.
11. Bristol & West Building Society v Mathew [1998] 1 Ch 18.
12. Swain v Law Society [1981] 3 All ER 797 at 809.
13. Boardman v Phipps [1967] 2 AC 46 at 105.
14. Noble Warren Investments Limited and Richard James Noble Warren FST/338 and FST/4/88.
15. Report of the Financial Services Tribunal 18th November, 1994.
16. 1981 WLR 109.
17. Appeals 90/48 and 90/49.
18. FST/1/90 and FST/2/90.
19. 1995 1 AC 101.
20. Reported under s. 100(3) of the Financial Services Act 1986.
21. FST decision 17th September, 1992.