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FSA cancels mortgage broker’s permissions

The FSA has cancelled the permissions of mortgage broker Julian Paul Cheetham, trading as, due to unpaid fees and levies of £1,137.

In a final notice published yesterday, the regulator said it had “repeatedly” asked Cheetham to pay the fees.

The notice 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.”

The regulator says Cheetham is not satisfying the threshold conditions for the regulated activities for which he has part four permissions.


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