Financial Services and Markets Tribunal


The United Kingdom's Financial Services and Markets Tribunal was an independent judicial body established under Section 132 of the Financial Services and Markets Act 2000, which heard references arising from decision notices issued by the Financial Services Authority. In April 2010 the tribunal was abolished and its functions transferred to the Upper Tribunal.
Examples of such decisions which the tribunal could review included:
There were eight legally qualified chairmen and 19 lay members with special experience of the financial sector - all appointed by the Lord Chancellor. Appeal against decisions of the tribunal, on a point of law, reverted to the Court of Appeal in England and Wales, and to the Court of Session in Scotland.