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The FSA bans 11 firms in latest RMAR failure

The FSA has barred eleven small firms for failing to submit their Retail Mediation Activity Reports, despite repeated requests.

The firms failed to submit their reports for the period ended 1 October 2005 and have ignored a series of warnings since then.
They also breached Principles 6 and 11 of the Financial Services and Markets Act, which requires authorised firms to conduct business in compliance with proper standards and cooperate with the FSA.
The banned firms are:
Edward Harding trading as Bond Services; Donald Whiteford trading as Equity Finance; Ka & Ap Raine trading as Dragon Motors; Keith Robert Anderson trading as Moira Autocentre; Paul James Mundy trading as Paul Mundy Mortgages; Premier Insurance; Reece Associates; Roundbush Body and Paint; RS Cars (RG); The Money Management Centre; and Wtr Car Sales.
The FSA banned nine small firms, including two IFAs, in March – the first enforcement action for failure to comply with the RMAR regime.

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