_____________________________________________________________________


FINAL NOTICE

_____________________________________________________________________

To:

Easypayment Limited

Of:



77 Oxford Street




Office 317




London




W1D 2ES








FSA reference number:
514821


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 Easypayment Limited.

2.
The FSA gave Easypayment Limited a Decision Notice on 17 May 2012 (the
“Decision Notice”) which notified Easypayment 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 Easypayment
Limited as a small payment institution under the PSR.

3.
Easypayment 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 Easypayment Limited’s registration.

REASONS FOR ACTION

5.
On the basis of the facts and matters described in its Warning Notice dated 4 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
FSA’s repeated requests that it does so, Easypayment 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 Easypayment Limited’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.
Easypayment 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 Easypayment 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 Easypayment 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 Kathryn Willis
(direct line: 020 7066 2098/fax: 020 7066 2099) at the FSA.




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