UT-2022-00097 - [2024] UKUT 00352 (TCC)

Case Number: UT-2022-00097

Hearing venue: The Rolls Building, London

FINANCIAL SERVICES – financial penalty – whether the FCA correctly followed its policy in the setting of the penalty imposed on the Applicant in relation to the breach by the Applicant of Principles 2 and 3 of the FCA’s Principles for Business

Judgment date: 11 November 2024

Before

JUDGE TIMOTHY HERRINGTON

(Sitting in Retirement)

MEMBER GARY BOTTRIELL

MEMBER ADAM SAMUEL

Between

ARIAN FINANCIAL LLP

Applicant

and

THE FINANCIAL CONDUCT AUTHORITY

Respondent

Representation:

For the Applicant: Jason Mansell and Thomas Coke-Smyth, Counsel, instructed by Charterhouse Law, Solicitors

For the Respondent: Philip Hinks, Counsel, instructed by the Financial Conduct Authority

DECISION