
The
Court of Appeal gave judgment yesterday in
The Financial Conduct Authority v Hobbs [2013] EWCA Civ 918 and held that a statement on the authority's website, indicating that it was discontinuing action against an individual (and not addressed in any way to the person to whom the decision related), was not sufficient notice of a decision to take no further action for the purposes of
section 389 of the
Financial Services and Markets Act 2000 and
Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001.
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