Requirement Notice

On , the Financial Conduct Authority issued a Requirement Notice to Demse Sbraga

Bournes Litnited (Firtn lnteritn
Permission Number 621656)

APPLICATION FOR A REQUIREM ENT ON AN AUTHORISED PERSON WITH PART 4A
PERMISSION

To: Demse Sbraga, Tl1e Financial Conduct Authority ("the Authonty") 25 The North
Colonnade, Canary Wharf, London El 4 SHS

Bournes Limited {"the Firm") hereby appl1es for a requ1rement to be 1mposed upon 1t,
pursuant to sect1on 55L (5) (a) of the Fmancial Serv•ces and t-1arkets Act 2000 ("FSM A") as
set out 1n the Schedule below.

SCHEDULE

General

1. Th1s Schedule sets out the terms of a requirement to be imposed on Bournes Limited,
pursuant to section SSL of FS f'.1A:

Requirement

2. The requirement 1s that:

W1th immed1ate effect the Finn must not enter mto contractual arrangements w1th new
customers that mvolve the carrying on of regulated debt management activ1t1es for wh1ch 1t
has intenm permiSSIOn from the Authonty For the avoidance of doubt this requ1rement
applies in respect of act1v1ties carried on by the Firm, as well as activities that may be

::~~:ddon b;J;;.ppo,nted cepcesentot>Vesoc othec agents of the'""'

Name
M1chelle G1lbourne


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