简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The UK Financial Conduct Authority (FCA) has made the decision to revoke Albany Financial Consultants Ltd's Part 4A permission, resulting in the firm losing its authorization to conduct any regulated activities.
The UK Financial Conduct Authority (FCA) has made the decision to revoke Albany Financial Consultants Ltd's Part 4A permission, resulting in the firm losing its authorization to conduct any regulated activities.
Albany Financial Consultants Ltd (AFC) initially obtained authorization from the FCA on December 9, 2015, granting them Part 4A permission to engage in specific activities related to designated investments. These activities included:
Providing investment advice, excluding Pension Transfers and Pension Opt-Outs.
Facilitating investment deals.
Organizing transactions in investments.
As per regulatory requirements, AFC was obligated to submit relevant returns to the FCA within specified deadlines. However, AFC failed to fulfill this obligation, which led the FCA to conclude that the firm did not provide the necessary information, as outlined in the Handbook and required in the returns.
In August 2023, the FCA issued a warning to AFC, indicating that it believed AFC was not involved in any regulated activity falling under its Part 4A permission. The FCA proposed the cancellation of AFC's Part 4A permission, effective August 31, 2023, unless AFC adhered to the specified measures outlined in the Further Notice.
Regrettably, AFC did not take the prescribed actions specified in the Further Notice. Consequently, the FCA has determined that AFC is no longer engaged in any regulated activities covered by its Part 4A permission. Thus, the FCA has officially revoked AFC's Part 4A permission, effective as of August 31, 2023.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The Commodity Futures Trading Commission (CFTC) has initiated legal action against Aipu and Fidefx, alongside individual defendants Qian Bai, Lan Bai, and Chao Li, accusing them of fraudulently soliciting and misappropriating at least $3.6 million from 32 customers.
Discover new CFD trading opportunities in Dubai and Abu Dhabi with Scope Markets, offering access to UAE equity indices and the growing GCC stock markets.
According to the report, the US dollar is approaching a significant turning point, with expectations growing that the Federal Reserve will accelerate interest rate cuts to bolster the economy. As a result, the dollar is on the verge of erasing nearly all of its gains from this year.
In this article, we will conduct a comprehensive examination of Vantage, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.