Tribunal addresses fit and proper test: The Tribunal has reconsidered the then Financial Services Authority (FSA) fine and ban on Angela Burns, who it found was not fit and proper because she misused non-executive director positions to seek to advance her own commercial interests and failed to disclose conflicts of interest. The Tribunal was considering at this hearing only whether the finding was correct and was not considering the sanctions. FSA had made 10 specific allegations of misconduct against Ms Burns, of which the Tribunal rejected six on factual grounds. Of the remaining four, it upheld FSA's decision for various reasons. Ms Burns then submitted further comments and papers when she received the transcript of the Tribunal's verdict, but this did not cause it to change its view. It has now invited the parties to agree on the level of sanction. (Source: Tribunal Addresses Fit and Proper Test)