Supreme Court rules in favour of FCA on third party rights

Financial Conduct Authority v Macris [2017] UKSC 19 Individuals (including senior managers) concerned about their identification in regulatory enforcement action against their employer should be aware of an important Supreme Court decision.

The decision relates to Section 393 of the Financial Services and Markets Act 2000 (FSMA), which provides rights to third parties prejudicially identified in a warning notice or decision notice.