UT (Tax & Chancery) UT-2022-0000150 - [2024] UKUT 00254 (TCC)

In 2016 and 2017, Mr Kalaris completed a number of training courses provided by the Chartered Institute for Securities and Investments (“CISI”), including one called “UK Regulation and Professional Integrity”. In September and October 2020, he completed the following further training, delivered by a CISI accredited provider:

In Carrimjee, the Tribunal made findings about the training carried out by Mr Carrimjee after the Authority had issued his decision notice. Mr Carrimjee had filed a witness statement, as had Mr Goh, the managing director of the firm which provided the training. The Tribunal concluded at [86] that the course Mr Carrimjee had undergone had been “rigorous”. In making its decision, the Tribunal placed some weight on the fact that Mr Carrimjee had undertaken that training.

In contrast, Saranac has provided no information about Mr Kalaris’s training, other than the names of the modules. His witness statement contains no related evidence. Although we find as a fact that he carried out further training after the Interviews, we make no finding as to its content or consequences.