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Tribunal clarifies limits on investor challenges to FSCA in curatorship case – Moonstone Information Refinery
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Tribunal clarifies limits on investor challenges to FSCA in curatorship case – Moonstone Information Refinery
The Financial Services Tribunal (FST) has clarified the limits of investor recourse against the Financial Sector Conduct Authority in the context of curatorships, confirming that reconsideration proceedings cannot be used to compel regulatory intervention or to obtain information for use in separate litigation. In decision delivered on 13 April, the Tribunal dismissed an application brought by two investors in Corporate Money Managers (CMM), who…
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