The United Kingdom's Financial Services and Markets Tribunal was an independent judicial body established under Section 132 of the Financial Services and Markets Act 2000, [1] which heard references arising from decision notices issued by the Financial Services Authority (FSA). In April 2010 the tribunal was abolished and its functions were transferred to the Upper Tribunal. [2]
Examples of such decisions that the tribunal could review included:
There were eight legally qualified chairmen (including the President, Stephen Oliver QC) [4] and 19 lay members with special experience of the financial sector - all appointed by the Lord Chancellor. [1] Appeal against decisions of the tribunal, on a point of law, reverted to the Court of Appeal in England and Wales, and to the Court of Session in Scotland.
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The United Kingdom's Financial Services and Markets Tribunal was an independent judicial body established under Section 132 of the Financial Services and Markets Act 2000, [1] which heard references arising from decision notices issued by the Financial Services Authority (FSA). In April 2010 the tribunal was abolished and its functions were transferred to the Upper Tribunal. [2]
Examples of such decisions that the tribunal could review included:
There were eight legally qualified chairmen (including the President, Stephen Oliver QC) [4] and 19 lay members with special experience of the financial sector - all appointed by the Lord Chancellor. [1] Appeal against decisions of the tribunal, on a point of law, reverted to the Court of Appeal in England and Wales, and to the Court of Session in Scotland.
{{
cite book}}
: CS1 maint: location missing publisher (
link)