The Financial Conduct Authority (FCA) has decided to cancel the Part 4A licence for DQN Global Capital Partners LLP。

The effect of the cancellation is that DQN Global Capital Partners LLP is no longer permitted to engage in any regulated activity.。

DQN was authorized by the FCA on 20 October 2008 to engage in the following regulated activities:

Investment advice (except for pension transfers and pension opt-outs).

Providing advice on P2P protocols;

○ Consent to conduct regulated activities。

○ arranging (facilitating) investment transactions;

○ Making arrangements for investment transactions。

DQN has not paid the overdue periodic fees and levies to the Authority and has not submitted a return to the Authority。

On 22 August 2023, the FCA issued a notice to the DQN stating that:

○ In the opinion of the Authority, DQN has not carried out regulated activities in connection with its Part 4A license;

○ and the EMA's proposal to cancel DQN's Part 4A licence on 18 September 2023。

DQN did not take the steps specified in the notice。

The FCA concluded that DQN did not carry out regulated activities in connection with Part 4A licensing.。As a result, the Authority decided to cancel DQN's Part 4A licence。Deregistration of DQN Part 4A Licenses Effective September 18, 2023。

DQN may apply for revocation of the Authority's decision if it is dissatisfied with the decision to revoke its Part 4A licence。DQN must submit a full application to the Authority to cancel the Authority's decision by 17 August 2024。