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FSA cancels permission of The Mortgage Company (1992) Limited

The Financial Services Authority has cancelled the permission of The Mortgage Company (1992) Limited for failing to submit its Retail Mediation Activities Return.

The Hull based firm has had its Part IV permission cancelled because the FSA feels it is not “fit and proper”.

It failed to submit its RMAR for the period ended March 31 2010.

In its final notice to the firm, the FSA says: “You have not been open and co-operative in all your dealings with the FSA, in that you have failed to respond to the FSA’s repeated requests for you to submit the RMAR, and have thereby failed to comply with Principle 11 of the FSA’s Principles for Business and to satisfy the FSA that you are ready, willing and organised to comply with the requirements and standards under the regulatory system.”

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