FCA Bans Pringles Financial Services from Regulated Activities
UK's Financial Conduct Authority (FCA) cancels Part 4A licence for Pringles Financial Services.
The UK Financial Conduct Authority (FCA) has revoked the Part 4A permission of Pringles Financial Services, meaning the company no longer has the authority to carry out any regulated activities.
Pringles Financial Services was previously authorized to conduct the following regulated activities:
- Investment advice (excluding pension transfers and pension opt-outs)
- Advice on peer-to-peer (P2P) agreements
- Advice on regulated mortgage contracts
- Agreeing to carry on regulated activities
- Arranging (bringing about) deals in investments
- Arranging (bringing about) regulated mortgage contracts
- Making arrangements with a view to regulated mortgage contracts
- Making arrangements with a view to transactions in investments
The FCA determined that the company was not engaging in any regulated activities associated with its Part 4A permission. Therefore, the FCA decided to revoke the company's Part 4A permission, effective from June 11, 2024.
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