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Financial Services and Markets Act 2000

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[F1133 Proceedings before Tribunal: general provisionE+W+S+N.I.

This section has no associated Explanatory Notes

(1)This section applies in the case of a reference or appeal to the Tribunal (whether made under this or any other Act) in respect of—

(a)a decision of the Authority;

(b)a decision of the Bank of England; or

(c)a decision of a person relating to the assessment of any compensation or consideration under the M1Banking (Special Provisions) Act 2008 or the M2Banking Act 2009.

(2)In this section—

  • relevant decision” means a decision mentioned in subsection (1)(a), (b) or (c); and

  • the decision-maker”, in relation to a relevant decision, means the person who made the relevant decision.

(3)Tribunal Procedure Rules may make provision for the suspension of a relevant decision which has taken effect, pending determination of the reference or appeal.

(4)The Tribunal may consider any evidence relating to the subject-matter of the reference or appeal, whether or not it was available to the decision-maker at the material time.

(5)The Tribunal must determine what (if any) is the appropriate action for the decision-maker to take in relation to the matter referred or appealed to it.

(6)On determining the reference or appeal, the Tribunal must remit the matter to the decision-maker with such directions (if any) as the Tribunal considers appropriate for giving effect to its determination.

(7)The decision-maker must act in accordance with the determination of, and any direction given by, the Tribunal.

(8)An order of the Tribunal may be enforced—

(a)as if it were an order of a county court; or

(b)in Scotland, as if it were an order of the Court of Session.]

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