The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of Up and Up Trading Limited.
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 took effect on 9 January 2024. 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 26 November 2015 and had a Part 4A permission to conduct the following regulated activities:
- Agreeing to carry on a regulated activity;
- Arranging (bringing about) deals in investments
- Making arrangements with a view to transactions in investments
If the firm is aggrieved by the decision to cancel its Part 4A permission, the firm may make an application for an annulment of the Authority’s decision under paragraph 4 of Schedule 6A to the Act.
The firm must submit a completed application for an annulment of the Authority’s decision to the Authority by 8 January 2025 and in the manner specified by the Authority.
