The Supreme Court has granted permission for FCA to appeal the Court of Appeal decision that FCA should have given Achilles Macris the right to make representations on certain matters set out in FCA’s final notice to JP Morgan relating to the “London Whale” trades. FCA did not afford Mr Macris third party rights under section 93 FSMA 2000 because it did not consider that he was identified in the notice. The Court of Appeal decided that Mr Macris was identified. This ruling has since been applied in respect of an FCA decision notice against Deutsche Bank AG (see FReD 13 November). (Source: Supreme Court, FCA v. Macris – Third Party Rights)