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FSA cancels mortgage broker’s permission for unpaid fees

The Financial Services Authority has cancelled the permission of Choon Hee Patrick Tan, trading as Mortgages Mortgages.

Tan failed to pay regulatory fees and levies owed to the FSA of £1,787.64, despite repeated FSA requests to do so.

The FSA says this failing has led it to conclude that Tan is not running his business soundly and prudently and in compliance with proper standards and that he is not a fit and proper person and therefore he is failing to satisfy the threshold conditions in relation to the regulated activities for which he had Part IV permission.



UK no longer in recession

The National Institute for Economic & Social Research has reported that the UK has exited recession after ceasing to contract.

Marketwatch – June 2012

The rain in Spain stays mainly, well, everywhere at the moment, as eurozone leaders run around like headless chickens trying to sort out what to do next.

Caption Competition

Openwork’s Paul Shearman gets in the groove and cuddles up to an overly friendly Womble at a recent conference

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


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