The WLR Daily case summaries
[2019] WLR (D) 448
Court of Appeal
Anderson and others v Sense Network Ltd
[2019] EWCA Civ 1395
2019 July 2, 3; 31
David Richards, Hamblen LJJ, Snowden J
Financial services— Regulated activities— Appointed representative— Principal’s liability— Appointed representative operating fraudulent deposit scheme of which principal unaware— Scope of principal’s liability for appointed representative’s business— Whether operation of unauthorised deposit scheme business for which principal had accepted responsibility— Whether scheme involving use of company agency— Whether principal retaining effective control and supervision of representative’s authorised business—
Financial Services and Markets Act 2000 (c 8) (as amended by Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (SI 2007/126), Sch 5, para 2(a)), s 39(1)(1A)(1B)(3)