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UK Regulator Issues Final Notices Cancelling Permission to Carry Out Regulated Activities
07/13/2016The Financial Conduct Authority issued three final notices cancelling the permission to carry out regulated activities of Edge Performance 10 Limited, Mr. Mark Andrew Walker and Volpe Capital Management LLP.
In each case, the FCA was not satisfied that the firm was a fit and proper person. Both firms and Mr. Walker had failed to comply with the regulatory requirement to submit a required return to the FCA. They had also failed to respond to repeated requests for the form to be submitted, thereby failing to comply with Principle 11 of the FCA's Principles for Businesses which requires firms to be open and cooperative in their dealings with the FCA. As a consequence, the FCA concluded that each had failed to satisfy the suitability Threshold Condition.
View the final notice for Edge Performance 10 Limited.
View the final notice for Mr. Walker.
View the final notice for Volpe Capital Management LLP.
Financial Regulatory Developments Focus