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Keydata’s Ford loses court bid to block FSA access to data

Keydata founder Stewart Ford has lost a court bid to prevent the FSA from accessing a company computer server as part of its investigation.

The FSA has confirmed that Ford attempted to get an injunction preventing the regulator from accessing the server, but he was defeated in the High Court as the FSA successfully argued it formed a necessary part of its investigation.

A spokeswoman for the FSA says: “We can confirm that the FSA attended an injunction hearing relating to Keydata, at the Royal Courts of Justice last week.

“The injunction was filed by Stewart Owen Ford, a former director of Keydata and Fieldglen, a UK based company, to prevent the FSA from accessing information stored on a server found in Keydata’s offices, which the FSA seized through the exercise of its statutory powers.

“The FSA challenged the injunction because as a regulator it must be able to access and review information where necessary to fulfil its duties, particularly in relation to investigations.”

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