_____________________________________________________________________


FINAL NOTICE

_____________________________________________________________________

To:

Eagle Exchange Limited

Of:



451 High Street North




Manor Park




London




E12 6TJ








FSA Reference Number:
508563


Dated:


18 June 2012

ACTION

1.
For the reasons set out in this Final Notice, the Financial Services Authority (the
“FSA”) hereby takes the following action against Eagle Exchange Limited.

2.
The FSA gave Eagle Exchange Limited a Decision Notice on 17 May 2012 (the
“Decision Notice”) which notified Eagle Exchange Limited that for the reasons given
below and pursuant to Regulation 10(1)(h) of the Payment Services Regulations 2009
(the “PSR”), the FSA had decided to cancel the registration granted to Eagle
Exchange Limited as a small payment institution under the PSR.

3.
Eagle Exchange Limited has not referred the matter to the Upper Tribunal (Tax and
Chancery Division) within 28 days of the date on which the Decision Notice was
given to it.

4.
Accordingly, the FSA has today cancelled Eagle Exchange’s registration.

REASONS FOR ACTION

5.
On the basis of the facts and matters described in its Warning Notice dated 12 April
2012 (the “Warning Notice”), and in the Decision Notice, the FSA has concluded that
by failing to pay fees and levies owed to the FSA, and to respond adequately to the

Eagle Exchange Limited 18 June 2012
Final Notice
Page 2

FSA’s repeated requests that it does so, Eagle Exchange Limited has failed to
demonstrate a readiness and willingness to comply with its regulatory obligations and
to deal with the FSA in an open and co-operative way. It is therefore desirable to
cancel Eagle Exchange’s registration as a small payment institution in order to protect
the interests of consumers, in accordance with Regulation 10(1)(h) of the PSR (as
applied by Regulation 14).

6.
Eagle Exchange Limited has failed to pay fees and levies totalling £559.60 owed to
the FSA, and to respond adequately to the FSA’s repeated requests that it does so.

DECISION MAKER

7.
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

IMPORTANT

8.
This Final Notice is given to Eagle Exchange Limited in accordance with section
390(1) of the Financial Services and Markets Act 2000 (the “Act”) (as applied by
paragraph 7(b) of Part 1 of Schedule 5 to the PSR).

PUBLICITY

9.
Sections 391(4), 391(6) and 391(7) of the Act (as applied by paragraph 7(c) of Part 1
of Schedule 5 of the PSR) apply to the publication of information about the matter to
which this Final Notice relates. Under those provisions, the FSA must publish such
information about the matter to which this Final Notice relates as the FSA considers
appropriate. The information may be published in such manner as the FSA considers
appropriate. However, the FSA may not publish information if such publication
would, in the opinion of the FSA, be unfair to Eagle Exchange Limited or prejudicial
to the interests of consumers.

10.
The FSA intends to publish such information about the matter to which this Final
Notice relates as it considers appropriate.

FSA CONTACT

11.
For more information concerning this matter generally, please contact Stephanie
Prowse (direct line: 020 7066 9404/fax: 020 7066 9405) at the FSA.




……………………………………………………..
John Kirby
FSA Enforcement and Financial Crime Division