| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| penalties |
clear and simple language |
|
|
Summary:
Held by the FCA that knowledge may be inferred from the fact that the claimant has given wrong or misleading answers to simple questions, at least in the absence of an explanation (reference to FCA decision in Gates (A-0600.94). No defence for the claimant to allege that he mistakenly thought that his involvement with the business was minor in nature: this is not the questions asked on the reporting cards. That assessment is for the Commission to make based on the information provided by the claimant.
| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| penalties |
knowingly |
|
|
Summary:
Held by the FCA that knowledge may be inferred from the fact that the claimant has given wrong or misleading answers to simple questions, at least in the absence of an explanation (reference to FCA decision in Gates (A-0600.94). No defence for the claimant to allege that he mistakenly thought that his involvement with the business was minor in nature: this is not the questions asked on the reporting cards. That assessment is for the Commission to make based on the information provided by the claimant.
