FSA Mis-Applies It's Penalties
Bunney v Burns Anderson plc and another;
Cahill v Timothy James & Partners Ltd[2007] EWHC 1240 (Ch)
Ch D
Weekly Law Notes Summary
25 May 2007
The Financial Services Ombudsman did not have the power to make a direction under s 229(2)(b) of the Financial Services and Markets Act 2000 that would require a respondent to make a money award exceeding the statutory cap provided in the Ombudsman scheme rules.