The UK Financial Conduct Authority (FCA) has published a notice cancelling the Part 4A permission of Cyprus-based firm Felicitas Management Investment Services.
The FCA explains that it issued to Felicitas a decision notice, which notified it that pursuant to section 55J of the Act and Regulation 8(5)(a) of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, the Authority had decided to cancel Felicitas’ Part 4A permission.
Felicitas has not referred the matter to the Tribunal within 28 days of the date on which the Decision Notice was given to Felicitas.
Accordingly, the Authority today cancelled Felicitas’ Part 4A permission.
