James Strachan KC
Year of call: 1996
Silk: 2013
James Strachan QC and Stephen Kosmin successfully defended the Financial Ombudsman Service in R (on the application of Full Circle Asset Management Ltd) v Financial Ombudsman Service Ltd [2017] EWHC 323 (Admin).
Judicial review proceedings were brought by Full Circle Asset Management Ltd, a firm of financial advisers, who had been the subject of a skilled person review under section 166 of the Financial Services and Markets Act 2000, as well as of a complaint brought by a consumer to the Financial Ombudsman Service. The case explored the key regulatory relationship between the FCA and the Financial Ombudsman Service.
Nicol J, by a judgment dated 24 February 2017, dismissed the challenge and awarded the Financial Ombudsman Service its costs.