The UK Financial Conduct Authority (FCA) today cancelled the Part 4A permission of Portia Investment Advisors Ltd.
The firm was authorised by the FCA on 22 January 2013 and had 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;
- dealing in investments as agent;
- making arrangements with a view to transactions in investments;
- managing investments; and
- safeguarding and administration of assets (without arranging).
The Authority considers that the firm is carrying on no regulated activity to which the firm’s Part 4A permission relates.
The FCA has therefore decided to cancel the Firm’s Part 4A permission. The cancellation of the Firm’s Part 4A permission takes effect on April 4, 2024.
