FINAL NOTICE

Of:
Clayton Street
Newcastle upon Tyne
NE1 5PG

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the
following action against Mrs Burke.

2.
The Authority issued to Mrs Burke the Decision Notice which notified her that for
the reasons given below and pursuant to section 55J of the Act, the Authority had
decided to cancel Mrs Burke’s Part 4A permission.

3.
Mrs Burke has not referred the matter to the Tribunal within 28 days of the date
on which the Decision Notice was issued to her.

4.
Accordingly, the Authority has today cancelled Mrs Burke’s Part 4A permission.

DEFINITIONS

5.
The definitions below are used in this Final Notice:

“the Act” means the Financial Services and Markets Act 2000;

“the Authority” means the Financial Conduct Authority;

“Mrs Burke’s Part 4A permission” means the permission granted by the Authority
to Ann Burke pursuant to Part 4A of the Act

“the Decision Notice” means the Decision Notice issued to Mrs Burke dated 21
February 2017;

“the Return” means the CCR007 return for the period ended 31 March 2016,
which Mrs Burke was due to submit to the Authority by 13 May 2016;

“the suitability Threshold Condition” means the Threshold Condition set out in
paragraph 2E of Schedule 6 to the Act;

“the Threshold Conditions” means the threshold conditions set out in Schedule 6
to the Act;

“the Tribunal” means the Upper Tribunal (Tax and Chancery Chamber); and

“the Warning Notice” means the Warning Notice issued to Mrs Burke dated 31
January 2017.

REASONS FOR ACTION

6.
On the basis of the facts and matters and conclusions described in the Warning
Notice and in the Decision Notice, it appears to the Authority that Mrs Burke is
failing to satisfy the suitability Threshold Condition, in that the Authority is not
satisfied that Mrs Burke is a fit and proper person having regard to all the
circumstances, including whether Mrs Burke managed her business in such a way
as to ensure that her affairs were conducted in a sound and prudent manner.

7.
This is because Mrs Burke has failed to comply with the regulatory requirement to
submit the Return. Mrs Burke has not been open and co-operative in all her
dealings with the Authority, in that Mrs Burke has failed to respond adequately to
the Authority's repeated requests for her to submit the Return, and has thereby
failed to comply with Principle 11 of the Authority's Principles for Businesses and
to satisfy the Authority that she is ready, willing and organised to comply with the
requirements and standards under the regulatory system.

8.
These failures, which are significant in the context of Mrs Burke’s suitability, lead
the Authority to conclude that Mrs Burke has failed to manage her business in
such a way as to ensure that her affairs are conducted in a sound and prudent
manner, that she is not a fit and proper person, and that she is therefore failing
to satisfy the Threshold Conditions in relation to the regulated activities for which
Mrs Burke has had a permission.

DECISION MAKER

9.
The decision which gave rise to the obligation to give this Final Notice was made
by the Regulatory Decisions Committee.

IMPORTANT

10.
This Final Notice is given to Mrs Burke in accordance with section 390(1) of the
Act.

Publicity

11.
The Authority must publish such information about the matter to which this Final
Notice relates as the Authority considers appropriate. The information may be
published in such manner as the Authority considers appropriate. However, the
Authority may not publish information if such publication would, in the opinion of
the Authority, be unfair to Mrs Burke or prejudicial to the interest of consumers.

12.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.

Authority Contact

13.
For more information concerning this matter generally, please contact Shahida
Choudhury at the Authority (direct line: 020 7066 9546).

John Kirby
Enforcement and Market Oversight Division