Francis Tregear QC publishes article in the Journal of International Banking and Financial Law

Francis’ article titled “Pushing at a closed door? Another failed attempt to widen the scope of claims against FCA authorised entities” considers the recent decision in Target Rich International v FXCM Ltd [2020] EWHC 1544 (Comm) in which the court confirmed a string of recent decisions at Court of Appeal and first instance levels rejecting an argument that the COBS rules created contractual or common law obligations on the part of authorised entities. The recent case law considered shows that there is a series of cases in which the same arguments have been raised in an attempt to widen very radically the scope of claims that can be brought against FCA authorised entities.

The article is here (first published in the November 2020 edition of Butterworths Journal of International Banking and Financial Law).