Hussain v Financial Services Authority: FSMT 23 Nov 2007

REGULATED ACTIVITIES – own-initiative variation of permission – supervisory notice varying a Part IV permission by removing all regulate activities with immediate effect – failure by applicant to disclose convictions for dishonesty when making application – failure to disclose further conviction for dishonesty occurring after permission granted – applicant communicating with Authority in abusive, insulting and threatening terms – applicant’s refusal to comply with notice despite failing in application to Tribunal to have it suspended – refusal to submit final RMAR – failure to notify clients of withdrawal of permissions – whether fit and proper person – no – supervisory notice correct action for Authority to take – reference dismissed

Citations:

[2007] UKFSM FSM051

Links:

Bailii

Financial Services

Updated: 15 July 2022; Ref: scu.268202