Following publication by the Royal Court, we are making available the judgment of the Deputy Bailiff given in response to Mr Kelham’s appeal against the sanctions imposed on him by the Commission’s Senior Decision Maker. Those sanctions were covered separately in the public statement we issued on 18 May 2023 following Mr Kelham’s decision not to further appeal the matter. This appeal hearing was previously confidential, having been heard under the auspices of the Commission’s enforcement practices and relevant laws which were in place prior to the passage of The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020. The new law removed the prior presumption that appeals against Commission decisions would be held in camera.
This news item was originally published by the Guernsey Financial Services Commission (GFSC GG). For more information, see the Source Link.