The United Kingdom’s Financial Behavior Authority (FCA) today announced the cancellation of part 4A permission of the Regent Asset Management International Limited.
The company was approved from the beginning on March 17, 2005 and was licensed 4A permission to conduct the following regulated activities:
- advising investment (except retirement transfers and pension areas);
- agreeing to continue an adjustable activity;
- the organization of bids in investment;
- helping to manage and execute an insurance contract;
- deals with investment as an agent; and
- receiving agreements for the purpose of investment transactions.
The Authority has canceled the business permission because it considers that the company does not carry out any regulated activity referring to the permission of Part 4A.
The effect of cancellation is that the business no longer has permission to carry out any adjustable activities.