Consultation papers:
No new developments this week.
Discussion papers:
No new developments this week.
Policy statements:
No new developments this week.
Press releases:
16 May: FSA decides to ban BGC senior executive, Anthony
Verrier. The FSA has published a decision notice
prohibiting Anthony Verrier from performing regulated activities
within the financial services industry. The FSA based its decision
on comments made by the High Court in Tullett Prebon plc (and
two others) v BGC Brokers LP (and 13 others, including
Verrier), [2010] EWHC 484 (QB) indicating that Mr Verrier had
participated in an "unlawful means conspiracy" and had
been untruthful with the court. Approved persons are required to
act with honesty and integrity and the FSA decided that the
judge's comments raised serious questions in relation to Mr
Verrier's conduct. Mr Verrier has referred the matter to the
Upper Tribunal.
