Upper Tribunal tackles directors’ duties

A recent tribunal case – in which the regulator’s proposed fine was slashed due to part of its case being out of time – provides useful analysis of advice obligations where the underlying investments are unregulated, as well as the role of the director who is not compliance officer or chief executive. Adam Samuel dissects the Alistair Burns and Plaxedes Chickombe judgments.

Adam SamuelBA LLM DipPFS MCISI FCIArb Certs CII (MP&ER) Barrister and Attorney may be contacted atadamsamuel@aol.com.For links to where you can buy the second edition of ‘Consumer Financial Services Complaints and Compensation’, see www.adamsamuel.com/book.

The end of July and beginning of August brought a rather surprising pair of interesting Upper Tribunal decisions.