Was former chairman of Shell Group denied procedural fairness in the FSA's enforcement action against the group? Financial Services and Markets Tribunal gives preliminary ruling
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 January 2006
Abstract
Purpose
To discuss the FSA's enforcement action against the Royal Dutch/Shell group, which had been found to have made false or misleading announcements regarding its proved hydrocarbon reserves and reserves placement ratio's 1998‐2003.
Design/methodology/approach
Presents the facts forming the background to the case.
Findings
Finds that the Chairman of Shell's defence in the case contains some justifiable points, although the tribunal's decision went against him.
Originality/value
Arguably, lays the foundation for further discussion of points such as these, foreshadowring a forthcoming publication on the UK financial regulation.
Keywords
Citation
Gray, J. (2006), "Was former chairman of Shell Group denied procedural fairness in the FSA's enforcement action against the group? Financial Services and Markets Tribunal gives preliminary ruling", Journal of Financial Regulation and Compliance, Vol. 14 No. 1, pp. 123-130. https://doi.org/10.1108/13581980610644815
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited