Court of Appeal considers FSA's use of its investigation powers to assist an overseas regulator

Abstract

Purpose

The purpose of this paper is to discuss the Court of Appeal's consideration regarding FSA's use of its investigation powers to assist an overseas regulator, focusing on The Financial Services Authority and others v. Amro International and Goodman Jones LLP (interested party).

Design/methodology/approach

The paper outlines the facts surrounding the case and comments on the decision.

Findings

The FSA's argument was successful and its appeal was allowed.

Originality/value

Financial regulators the world over will welcome this decision and the level of support it shows from the Court of Appeal for their need to work together and harness each other's regulatory and investigatory powers in pursuance of piecing together patterns of activity across national financial market boundaries.

Citation

Gray, J. (2010), "Court of Appeal considers FSA's use of its investigation powers to assist an overseas regulator", Journal of Financial Regulation and Compliance, Vol. 18 No. 4, pp. 408-416. https://doi.org/10.1108/13581981011093703