FINAL NOTICE

To:

Resham Chand trading as First Call

Of:


128 Cramlington Road



Birmingham



West Midlands



B42 2EG




FSA Reference

Number:

500745


TAKE NOTICE: The Financial Services Authority of 25 The North Colonnade, Canary
Wharf, London E14 5HS (the "FSA") gives Resham Chand trading as First Call
(“Resham Chand”), final notice about a decision to cancel the permission granted to
Resham Chand to carry on regulated activities

1.
ACTION

1.1
The FSA gave Resham Chand a Decision Notice on 12 May 2011 (the “Decision
Notice”), which notified him that for the reasons given below and pursuant to section
45 of the Financial Services and Markets Act 2000 (the “Act”), the FSA had decided
to cancel the permission granted to him under Part IV of the Act (“Resham Chand’s
Part IV permission”).

1.2
Resham Chand 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 him.
Accordingly, the FSA has today cancelled Resham Chand’s Part IV permission.



Resham Chand trading as First Call

17 June 2011
Final Notice

Page 2

2.
REASONS FOR ACTION

2.1
On the basis of the facts and matters and conclusions described in the Warning Notice
issued to Resham Chand dated 31 March 2011 (the “Warning Notice”), and in the
Decision Notice, it appears to the FSA that Resham Chand is failing to satisfy the
threshold conditions set out in Schedule 6 to the Act (the "Threshold Conditions").

2.2
This is because he has failed to pay fees and levies of £1,074.70 owed to the FSA,
despite repeated FSA requests that he do so.

2.3
This failing, which is significant in the context of Resham Chand’s suitability, leads
the FSA to conclude that he is not conducting his business soundly and prudently and
in compliance with proper standards and 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 Part IV permission.

3.
DECISION MAKER

3.1
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

4.
IMPORTANT

4.1
This Final Notice is given to Resham Chand in accordance with section 390(1) of the
Act.


Publicity

4.2
Sections 391(4), 391(6) and 391(7) of the Act 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 Resham Chand or
prejudicial to the interests of consumers.

4.3
The FSA intends to publish this Final Notice and such information about the matter to
which this Final Notice relates as it considers appropriate.



FSA Contact

4.4
For more information concerning this matter generally, please contact Lorraine
Goldberg at the FSA (direct line: 020 7066 2920 / fax: 020 7066 2921).




Resham Chand trading as First Call

17 June 2011
Final Notice

Page 3

John Kirby
FSA Enforcement and Financial Crime Division