FSA seeks permission to appeal Tribunal's decision on Fox Hayes
10 April 2008
The Financial Services Authority (FSA) has applied for permission to appeal the Financial Services and Markets Tribunal decisions of 24 September 2007 and 6 March 2008, in relation to Fox Hayes, a firm of Leeds-based solicitors.
This is the first time the FSA has sought permission to appeal a Tribunal decision.
The FSA has made the application because it believes that errors of law have been made, particularly in interpreting the relevant regulatory rules and that the penalty imposed does not properly reflect the misconduct.
The Tribunal's decisions are available on its website.