SCHEDULES

SCHEDULE 13The Financial Services and Markets Tribunal

Part IVTribunal Procedure

Decisions of Tribunal

12

1

A decision of the Tribunal may be taken by a majority.

2

The decision must—

a

state whether it was unanimous or taken by a majority;

b

be recorded in a document which—

i

contains a statement of the reasons for the decision; and

ii

is signed and dated by the member of the panel of chairmen dealing with the reference.

3

The Tribunal must—

a

inform each party of its decision; and

b

as soon as reasonably practicable, send to each party and, if different, to any authorised person concerned, a copy of the document mentioned in sub-paragraph (2).

4

The Tribunal must send the Treasury a copy of its decision.