On February 25, the FCA published the final notice it issued to David Hobbs, a former derivatives trader, banning him from performing any regulatory function.

The final notice follows the decision of the Upper Tribunal (Tax and Chancery Chamber), which found that in putting forward a false defense to the FSA (the FCA’s predecessor) and in maintaining that defense in evidence before the tribunal, he had exhibited a lack of integrity. It held that he was not a fit and proper person to perform regulatory functions. Final Notice.