Eversure Financial Services Limited and Frederick Young v Financial Services Authority: FIN 2005/0027 FIN 2005/0028
Upper Tribunal Tax and Chancery decision of Judge Oliver QC, Member Burdon and Member Abrams on 18 May 2006.
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AUTHORIZATION � Suitability � Fitness and propriety � Applicant firm’s connections with other persons in a relevant relationship � Those other persons refused approval on grounds of non-disclosure � No other person to carry out controlled functions � Whether Applicant firm satisfies “fit and proper� test � No � Threshold Condition 5 APPROVED PERSONS � Fit and proper to perform the controlled function � Non-disclosure by director seeking approval of earlier unsuccessful application to Lloyd’s � Whether applicant fit and proper � No � FS&MT 2000 s.61(1).
Updates to this page
Published 1 December 2016