The UK Financial Conduct Authority (FCA) has revoked the Part 4A license of KBFS Financial Limited.
The firm was authorized by the FCA on 1 July 2019 and has a Part 4A license to carry out the following regulated activities in relation to specified investment activities:
- providing investment advice (other than pension transfers and pension exemptions);
- advising on P2P deals;
- advising on pension transfers and pension exemptions;
- an agreement to carry on a regulated activity;
- settlement (implementation) of investment agreements. and
- trading in investments.
The Authority explains that it has taken this measure because it considers that the company does not carry out any regulated activity to which the Part 4A license relates.
The revocation takes effect on 9 February 2024. The effect of the revocation is that the company is no longer permitted to carry on any regulated activities.