FSA cancels permissions of two firms

The regulator has cancelled the Part IV permission of Select Mortgage Services (Bracknell).

The Financial Services Authority says Select failed to pay fees and levies of £1,675.52 owed to it, despite repeated requests to do so.

In its final notice the FSA says: “This failing, which is significant in the context of Select’s suitability, leads the FSA to conclude that it is not conducting its business soundly and prudently and in compliance with proper standards and that it is not fit and proper.”

Also cancelled is the part IV permission of Kevin Jonathan Dalglish trading as Dulwich Insurance Services. Dalglish failed to pay fees and levies of £1,280.33.

This follows Derbyshire-based Julian Paul Cheetham trading as One-mortgage.net who also had his permissions cancelled recently.