Financial Services Tribunal: the seal of political approval

01 November 2018 / Michel Reznik

Issue: 7815 / Categories: Features , Tribunals

Michel Reznik reports on recommendations by the Treasury Committee for the creation of a Financial Services Tribunal

The House of Commons Treasury Committee has published its SME (small and medium sized enterprises) Finance Report.
The Report urges the Treasury to establish a Financial Services Tribunal and to expand private law rights under s138D of FSMA 2000 to SMEs.
NLJ, which has reported on the development of these proposals, provides a summary of key findings from the SME Finance Report.

On Friday 26 October 2018, the House of Commons Treasury Committee (the Treasury Committee) published its SME Finance Report (the Report). It is a serious piece of work with major ramifications for practitioners in the financial services area. It made several recommendations to the Treasury, with the two key ones being:

the creation of a Financial Services Tribunal in which SMEs can enforce their rights against financial institutions, including through s 138D of the Financial Services and Markets Act 2000 (FSMA 2000); and
the expansion of rights under

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Financial Services Tribunal: the seal of political approval

Michel Reznik reports on recommendations by the Treasury Committee for the creation of a Financial Services Tribunal

The House of Commons Treasury Committee has published its SME (small and medium sized enterprises) Finance Report.
The Report urges the Treasury to establish a Financial Services Tribunal and to expand private law rights under s138D of FSMA 2000 to SMEs.
NLJ, which has reported on the development of these proposals, provides a summary of key findings from the SME Finance Report.

the creation of a Financial Services Tribunal in which SMEs can enforce their rights against financial institutions, including through s 138D of the Financial Services and Markets Act 2000 (FSMA 2000); and
the expansion of rights under

If you are not a subscriber, subscribe now to read this content

If you are already a subscriber sign in

...or Register for two weeks' free access to subscriber content

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Financial Services Tribunal: the seal of political approval

MOVERS & SHAKERS

Gilson Gray—Linda Pope

Jackson Lees Group—five promotions

Taylor Wessing—Max Millington