The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of Albany Financial Consultants Ltd.
The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities.
AFC was authorised by the Authority on 9 December 2015 and given a Part 4A permission to conduct the following activities in relation to designated investments:
- advising on investments (except on Pension Transfers and Pension Opt Outs);
- arranging (bringing about) deals in investments; and
- making arrangements with a view to transactions in investments.
The firm is required to submit the Returns to the Authority by the relevant due date. However, AFC has failed to submit the Returns…
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