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FINAL NOTICE

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the following
action against Christian Julian Jones.


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

3.
Mr Jones has not referred the matter to the Tribunal within 28 days of the date on
which the Decision Notice was given to him.

4.
Accordingly, the Authority has today cancelled Mr Jones’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;

“the Decision Notice” means the Decision Notice issued by the Authority to Christian
Julian Jones dated 12 December 2018;

“Mr Jones’s Part 4A permission” means the permission granted by the Authority to
Christian Julian Jones under the Act;


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“the Returns” means the CCR003 (lenders) return and CCR007 (key data) return
for the period 30 November 2017, which Mr Jones was due to submit to the
Authority by 16 January 2018;

“the Principles” means the Authority’s Principles for Businesses;

“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 by the Authority to Mr Jones
dated 20 November 2018.

REASONS FOR THE 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 Mr Jones is
failing to satisfy the suitability Threshold Condition, in that the Authority is not
satisfied that Mr Jones is a fit and proper person having regard to all the
circumstances, including whether Mr Jones managed his business in such a way as
to ensure that his affairs were conducted in a sound and prudent manner.

7. Mr Jones has failed to submit the Returns and he has not been open and co-

operative in all his dealings with the Authority, in that he has failed to respond to
the Authority’s repeated requests for him to submit the Returns, and has thereby
failed to comply with Principle 11 of the Principles and to satisfy the Authority that
he is ready, willing and organised to comply with the requirements and standards
of the regulatory system.

8. These failures, which are significant in the context of Mr Jones’s suitability, lead the

Authority to conclude that Mr Jones has failed to manage his business in such a
way as to ensure that his affairs are conducted in a sound and prudent manner,
that he is not a fit and proper person, and that he is therefore failing to satisfy the
Threshold Conditions in relation to the regulated activities for which he 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 Mr Jones in accordance with section 390(1) of the Act.

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

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Authority may not publish information if such publication would, in the opinion of
the Authority, be unfair to Mr Jones or prejudicial to the interest of the consumers.

12. The Authority intends to publish such information about the matter to which this

Final Notice relates as it considers appropriate.

13. For more information concerning this matter generally, please contact Arunn

Thiruchelvam at the Authority (direct line: 020 7066 1241).

Anna Couzens
Enforcement and Market Oversight Division