The following Financial Services guidance note provides comprehensive and up to date legal information covering:
Where authorised firms cease to carry out regulated activities, their Part 4A permission will be cancelled. The Financial Conduct Authority (FCA) can also use its own-initiative powers to cancel a permission in the certain circumstances. Where requirements have been placed on authorised firms these can also be cancelled, either at the request of authorised firms or where the FCA uses its own-initiative powers.
The FCA can cancel the Part 4 A permission of an authorised person on their request
It is important that firms give early notice to their relevant regulator where they intend to cease carrying out one or more regulated activity
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