This book is concerned with the interplay between the UK Financial Services Authority's (FSA) statutory powers to impose administrative law sanctions on persons that have engaged in abuse in the financial markets and the statutory system of Tribunal accountability provided by the UK's Financial Services and Markets Act 2000. The book provides a thorough analysis and assessment of both the law of market abuse and the operation of the Financial Services and Markets Tribunal (FSMT) and the Upper Tribunal (Tax and Chancery) (UT), following the implementation of the Tribunal, Courts and Enforcement Act 2007 in April 2010 when, as part of an improved and unified system of statutory Tribunals, the functions of the FSMT were transferred to the UT. The book captures the resulting changes to the Tribunal's governance and rules of procedure. It sets out to question whether the Tribunal has effectively held the FSA's enforcement decision-making to account and whether its individual case...

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