FSA cancels three firms over RMAR and fees lack
Two firms fail to submit Retail Mediation Activities Returns and one individual fails to pay fees.
The Financial Services Authority has issued final notices to two firms and an individual for failure to submit Retail Mediation Activities Return forms and failure to pay fees respectively.
Two firms, Mortgages UK 1970 and Bunn & Co, the trading name for London-based Paulo Monteiro, each failed to submit an RMAR for the period ended 30 September 2011.
In its final notice, the FSA said that neither party has been open and cooperative in dealing with the regulator and failed to respond to requests for them to submit the return. The regulator issued final notices to both firms dated 10 May.
Separately, the FSA cancelled the permissions of Syed Zaidi after he failed to pay fees and levies of £475 to the regulator and did not respond to requests for payment.
None of the three parties applied to the Upper Tribunal to contest their case.
Earlier this month the regulator banned three other individuals for non-submission of RMAR, while on 9 May Nottinghamshire-based adviser Clive Herbert Danby Heaps, trading as Danby-Heaps Insurance Brokers lost his permission for the same reason.