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Seven firms lose FSA permission

The FSA has cancelled the permission of seven firms, many for failing to submit Retail Mediation Activities Returns.

The Financial Associate and Mortgage Quest 2000 lost their permission for failing to submit an RMAR for the period ended August 31, 2008.

Murray’s Financial Services also lost its permission for failing to submit an RMAR for the period ended August 28, 2008.

The Mortgage Shop’s permission was cancelled because it did not submit an RMAR for the period ended July 31, 2008 and Windmill Finance Services lost its permission for repeated submission failings.

The regulator cancelled the permission of Greygoose Mortgages Services because it failed to pay FSA fees of £1,352.38, despite repeated requests to do so.

Saltire Underwriting Agency’s lost its permission after it failed to respond to repeated requests from the FSA for information regarding the management of Saltire’s client money account.

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