FSA procedures criticised by tribunal
The Financial Services and Markets Tribunal has published its further decision dealing with the thre...
The Financial Services and Markets Tribunal has published its further decision dealing with the three matters arising from its decision of 18 January 2005, concerning Legal & General Assurance Society. It concluded that L&G will pay a penalty of £575,000, a reduction on the original £1.1m imposed by the Regulatory Decisions Committee; there will be no order for costs, although the tribunal criticises the Financial Services Authority's procedures, no recommendations are made to the FSA as it is
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