![UT-2024-000019 - [2025] UKUT 00257 (TCC)](https://backend.juristeca.com/files/emisores/logo_ICfrj4g.png){kind=logo}
Discussion
Discussion
We will analyse each of the three acts cited against AP by the Regulator and ask ourselves what acts (or failures to act) she was a party to and whether those acts or failures satisfied the material detriment test. Finally, we will ask ourselves the question what, if any, CN it is reasonable for the Regulator to issue.
- Heading
- Introduction
- The Law
- The Role of the Tribunal
- Procedural History
- The Scheme
- The Evidence before us
- Monthly Payments to CW
- Support for AFR
- AP’s Financial Position
- The Regulator’s Submissions
- Mrs Pelgrave’s Submissions
- Discussion
- Sale of shares in DFHL: was AP a party to an act or a deliberate failure to act?
- Did that act or deliberate failure to act meet the material detriment test?
- Sale of shares in DFHL: is it reasonable to issue a CN to AP and, if it is, in what amount?
- Should we adjust our conclusion on the figure to be included in the CN by reference to the other acts asserted against AP by the Regulator
- Conclusions