This paper sets out to examine, on an elemental basis, the key standards and qualities expected of compliance staff and the difficulties that breakdown in the compliance systems can cause. It is aimed at both seasoned campaigners and new starts alike. If it prompts thought it has achieved its goal.

The decision of the House of Lords in the Preddy appeal has led to a string of appeals against conviction to the Court of Appeal from individuals convicted under s.15 Theft Act 1968. On 25th October the Court of Appeal quashed the convictions of seven such appellants as being rendered unsafe in...

SIB Guidance Release 3/96 — standards for the custody of customer's investments The Treasury has decided to make custody of investments an activity requiring authorisation under the Financial Services Act 1986 so SIB has now published Guidance addressed to self‐regulatory organisations...

The Plaintiffs were depositors who had lost monies in the collapse of Bank of Credit and Commerce International (BCCI). BCCI itself was named as a Plaintiff since it was an assignee of the claims of Plaintiff depositors. The Plaintiffs made a very large number of allegations against the Bank of...

Section 3(1) of the Banking Act 1987 stipulates that:

This case concerned the validity of assignments to the Investors Compensation Scheme (ICS) of the claims of various individual investors which arose out of the widespread mis‐selling of home income plans between 1989 and 1991. The factual background to the case is given in a statement of facts...

Interdata (UK) Ltd, and in particular a director, Mr Colin French, devised a computer program to provide information on past price movements of shares to investors. The SIB's concern with the marketing of this programme by Interdata (UK) Ltd was that it might constitute the provision of...

Royal Brunei Airlines (the airline) had, in 1986, appointed Borneo Leisure Travel (BLT) as its agent for passenger and cargo transport sales in Sabah and Sarawak. Mr Tan was the founder of BLT, its managing director and its principal shareholder (the only other director and shareholder being his...

The appellants had made mortgage applications to building societies and other lenders which contained false statements. The sums obtained by the appellants by way of mortgage advances were actually paid to them by means of telegraphic or electronic funds transfer or by cheque.

i) On 12 July 1996, SFA issued Board Notice 345 containing details of its disciplinary action against John Edmund Odell and Branston & Gothard Ltd. SFA commenced disciplinary proceedings against Mr. Odell and B & G Ltd in February 1995. Mr Odell was working for B & G Ltd. from home on a...