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FSA denies Watts’ complaint

Daily Telegraph: FSA denies Watts’ complaint

“The Financial Services Authority yesterday said it was “confident” of seeing off a claim from Sir Philip Watts that his rights had been “violated” after the FSA fined Shell £17m over the reserves scandal.”

(Filed: 23/09/2004)

The Financial Services Authority yesterday said it was “confident” of seeing off a claim from Sir Philip Watts that his rights had been “violated” after the FSA fined Shell £17m over the reserves scandal.

Last week Sir Philip said he was taking the FSA to the Financial Services & Markets Tribunal. The FSA said it was confident the tribunal will rule that “Sir Philip was not prejudiced by the issue of our decision notice”.

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