Financial services – Financial Conduct Authority (FCA). On a reference by the applicant to the Upper Tribunal (Tax and Chancery Chamber) (the tribunal) regarding the identification of the applicant in a Decision Notice for the purposes of s 394(4) of the Financial Services and Markets Act 2000, the tribunal dismissed the reference having decided that the applicant had failed to prove that any of the words used in the Final Notice by the Financial Conduct Authority were such as would reasonably in the circumstances lead persons professionally associated with the applicant to believe that he was a person prejudicially affected by matters stated in any of the reasons contained in that notice.