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.
Tuesday, 30 July 2013
UK: England and Wales: web statement not sufficient notice of authority's decision
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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