UT (Tax & Chancery) UT/000097/2023 - [2025] UKUT 00211 (TCC)

UT (Tax & Chancery) Case Number: UT/000097/2023

Hearing venue: Decided on Paper

Judgment date: 27 June 2025

Financial Services – procedure – Authority’s application to amend statement of case – withdrawal of penalty – whether required to serve notice of discontinuance under section 389 FSMA 2000 – requirements of Rule 17(2) in relation to withdrawal of part of the Authority’s case.

Before

JUDGE JONATHAN CANNAN

Between

NAILESH MANUBAI TERAIYA

Applicant

and

THE FINANCIAL CONDUCT AUTHORITY

Respondent

The application was decided on paper on the basis of written submissions by the parties

DECISION