The UK Financial Conduct Authority (FCA) has cancelled the permission of Barkestone Associates (Wealth Management) to carry on regulated activities.
The Authority has taken this action because it considers that the firm is carrying on no regulated activity to which the Firm’s Part 4A permission relates.
The cancellation takes effect on January 6, 2025. The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities.
The firm was authorised by the Authority on 8 February 2010 and has a Part 4A permission to conduct the following regulated activities in relation to designated investment business:
- advising on investments (except on Pension Transfers and Pension Opt Outs);
- advising on P2P agreements;
- agreeing to carry on a regulated activity;
- arranging (bringing about) deals in investments; and
- making arrangements with a view to transactions in investments.
