This websites use cookies. By continuing to browse the site you are agreeing to our use of cookies. For more details about cookies and how to manage them, see our cookie policy.


Asset Land Investment v The Financial Conduct Authority


Nicholas Peacock QC appeared for The Financial Conduct Authority on the successful Asset Land Investment Supreme Court appeal .

Asset Land Investment plc (“Asset Land”) and its principal owner and director Mr Banner-Eve appealed against findings that they had carried on a of regulated activities without authorisation, namely the operation of collective investment schemes, contrary to section 19 of the Financial Services and Markets Act 2000 (“FSMA”). The activities related to sales of individual plots at six possible development sites in various parts of the United Kingdom. Asset Land divided the sites into plots which it sold to investors, representing that it would be responsible for seeking rezoning for residential development and for arranging a sale to a developer.  Having (for the first time in the Supreme Court) considered the proper scope of the collective investment scheme concept, the Supreme Court unanimously dismissed the appeal by Asset Land and Mr Banner-Eve, finding that Asset Land’s activities amounted to operating “collective investment schemes” under section 235 FSMA, and were thus “regulated activities” for the purpose of section 19."

For a full copy of the judgment please click here.

View all news

Recent News

Thomas Grant QC wins Chancery Silk of the Year


19 November 2021

We are thrilled to announce that Thomas Grant QC has won Chancery Silk of the Year at the Chambers UK Bar Awards. 

Read more

Diversity/Gender Programme of the Year Award No...


17 November 2021

We are delighted to announce that we have been nominated for Diversity/Gender Programme of the Year at the Citywealth Magic Circle Awards 2022 due to our successful mentoring scheme.

Read more

Chambers UK Bar Guide 2022

Maitland Chambers

21 October 2021

We are delighted to have a number of leading recommendations which further cement our position as one of the leading commercial chancery sets at the Bar. 

Read more