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FA Regulatory Commission

Thursday 8 February 2018

A FA Regulatory Commission chaired by David Phillips QC in his capacity as a member of the FA Specialist Panel has delivered a detailed reserved judgment.  Such decisions are subject to the strictest confidentiality, so little particulars can be given.  The issue concerned the jurisdictional question whether an individual was subject to the FA regulatory regime.  The decision involved consideration of ownership and control principles and the effect of offshore discretionary trusts.  David is currently chairing two other FA tribunals dealing with regulatory issues.