The UK’s Financial Conduct Authority (FCA) has decided to cancel the Part 4A license of Up and Up Trading Limited.
The Authority took this action because it considers that the company is not carrying out a regulated activity to which the Company’s Part 4A license relates.
The cancellation took effect on 9 January 2024. The effect of the cancellation is that the company is no longer licensed to carry out any regulated activities.
The company was authorized by the Authority on 26 November 2015 and has a Part 4A license to carry out the following regulated activities:
- Agreement to carry on regulated activity;
- Arranging (bringing) deals in investments
- Arrangements for trading in investments
If the company is aggrieved by the decision to cancel its Part 4A licence, the company can apply to set aside the Authority’s decision under paragraph 4 of Schedule 6A to the Act.
The company must submit a completed application for annulment of the Authority’s decision to the Authority by January 8, 2025 and in the manner prescribed by the Authority.