The UK Financial Conduct Authority (FCA) has today revoked the Part 4A license of Portia Investment Advisors Ltd.
The firm was authorized by the FCA on 22 January 2013 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;
- an agreement to carry on a regulated activity;
- settlement (implementation) of investment agreements.
- engages in investments as an agent;
- making arrangements for the purpose of dealing in investments;
- investment management; and
- safekeeping and asset management (without settlement);
The Authority considers that the company does not carry on any regulated activity to which the company’s Part 4A license relates.
The FCA has therefore decided to cancel the Company’s Part 4A licence. The cancellation of the Company’s Part 4A license takes effect on April 4, 2024.