FSA cancels mortgage broker’s permission

The Financial Services Authority has cancelled the permission of Julian Paul Cheetham, trading as one-mortgage.net in Derbyshire.

This is because he has failed to pay fees and levies of £1,137.17 owed to the FSA, despite repeated FSA requests that he do so.

In its final notice to Cheetham, the FSA, says: “This failing, which is significant in the context of Julian Cheetham’s suitability, leads the FSA to conclude that he is not conducting his business soundly and prudently and in compliance with proper standards and that he is not a fit and proper person, and that he is therefore failing to satisfy the Threshold Conditions in relation to the regulated activities for which he has had Part IV permission.”