FSMT SUPERVISORY NOTICE – variation of Part IV permission by removal of all regulated activities with effect from 9 September 2003 – reason for Notice being breach of threshold condition 4 (adequate resources) – Applicant without professional indemnity insurance cover – application for a direction to suspend effect of Notice until reference disposed of – whether Tribunal satisfied that such a direction would not prejudice the interests of consumers – no – whether necessary for Notice to take effect on 9 September 2003 – yes – whether removal of all regulated activities proportionate to the concerns being addressed by the Notice – yes – application dismissed – FSandMT Rules 2001 SI 2001 No. 2476 Rule 10(1)(e) and Rule 10(6)
Citations:
[2003] UKFSM FSM006
Links:
Financial Services
Updated: 10 June 2022; Ref: scu.195454