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FCA v BlueCrest Capital Management: Implications for regulated firms

Montage of the FCA sign
GRIP Montage: FCA

Robert Dedman | CMS, Simon Morris | CMS, Kushal Gandhi | CMS+1

3 min read
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Court of Appeal addresses the scope of the FCA’s powers under FSMA to impose redress requirements on firms and the jurisdiction of the Upper Tribunal.

On October 2, 2024, the Court of Appeal delivered a significant judgment in the case of Financial Conduct Authority v BlueCrest Capital Management (UK) LLP ([2024] EWCA Civ 1125).

This decision addresses:

  • the scope of the FCA’s powers under the Financial Services and Markets Act 2000 (FSMA) to impose redress requirements on
  • the
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