“… section 178 of the former Financial Services Act 1986 (considered by Slade LJ in the Court of Appeal in In re an Inquiry under the Company Securities Act 1985 [1988] AC 660 at 665B-F), and section 149 of the Legal Services Act 2007 (considered by Lindblom J., as he then was, in Deputy Chief Legal Ombudsman v Young [2011] EWHC 2923…”
“…In In re An Inquiry under the Company Securities (Insider Dealing) Act 1985 [1988] AC 660, 704, Lord Griffiths gave this guidance as to the meaning of the term "necessary" in this context:…”