The UK Financial Conduct Authority (FCA) has revoked Pringles Financial Services’ Part 4A licence.
The effect of the cancellation is that the company is no longer allowed to carry out any regulated activities.
Pringles Financial Services has been authorized by the Authority to carry out the following regulated activities:
- investment advice (except pension transfers and pension exemptions)
- advising on P2P deals;
- advising on regulated mortgage contracts; agreeing to carry on a regulated activity
- an agreement to carry on a regulated activity;
- settlement (implementation) of investment agreements.
- the settlement (validation) of regulated mortgage contracts;
- making arrangements for the purpose of entering into regulated mortgage contracts; and
- transactions.
The FCA considers that the firm does not carry on any regulated activity to which its Part 4A license relates. Therefore, the Authority decided to cancel the Part 4A license of the Company.
The cancellation of the Company’s Part 4A license took effect on June 11, 2024.