Statement by Sir Philip Watts on FSA Investigation into Shell.

Mondaq Business Briefing | September 16, 2004 | Copyright

Please click on 'Next Page' link at the bottom of this article to read Philip Watts' Letter to FSA

16 September 2004

I have today instructed my lawyers to file an application in the Financial Services and Markets Tribunal regarding the Financial Services Authority's ("FSA") breach of Section 393 of the Financial Services and Markets Act 2000, and the harm subsequently caused to me.

The FSA violated my statutory rights to review and rebut the allegations contained in their recently published Final Notice against Shell, because I was both identified ...

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