FCA revokes license of Up and Up Trading Limited to engage in regulated activities
The Financial Conduct Authority (FCA) has decided to cancel the Part 4A licence for Up and Up Trading Limited。
The Financial Conduct Authority (FCA) has decided to cancel the Part 4A licence for Up and Up Trading Limited。
The EAA took this action because it was of the opinion that the company did not carry out regulated activities in connection with Part 4A licensing。
The cancellation of the license will take effect on January 9, 2024.。The consequence of the cancellation of the licence is that the company no longer has a licence to carry out any regulated activity。
The company was authorised by the Supervisory Authority on 26 November 2015 and has a Part 4A licence to carry out the following regulated activities:
◇ Agree to conduct regulated activities; ◇ Arrange (facilitate) investment transactions; ◇ Arrange for investment transactions。
If a firm is dissatisfied with the decision to cancel its Part 4A licence, it may apply for revocation of the Authority's decision under paragraph 4 of Schedule 6A to the Act。
Firms must submit a complete application to the Authority in the manner prescribed by the Authority by 8 January 2025 for the cancellation of the Authority's decision。
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