Objection to terms of FSA decision notice heard by Financial Services and Markets Tribunal

摘要

Purpose – The purpose of this paper is to outline the objections to terms of FSA decision notice heard by the Financial Services and Markets Tribunal. Design/methodology/approach – The paper outlines the facts surrounding the decision and comments on the ruling. Findings – It was found that this ruling shows the difficulty facing senior individuals who have worked in head of compliance and other senior management functions within firms which are subsequently subject to discipline and enforcement for breaches of FSA rules and principles in relation to corporate governance, systems and controls and other serious compliance failings. Originality/value – This paper provides useful information for those working in a senior management role.