FINAL NOTICE

Dated: 6 February 2013

ACTION

1. For the reasons set out in this Final Notice, the Financial Services Authority (the “FSA”)

hereby takes the following action against Green Money Limited.

2. The FSA gave Green Money Limited a Decision Notice on 3 January 2013 (the “Decision

Notice”) which notified it 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 Green Money Limited under Part IV of the Act (“Green Money
Limited’s Part IV permission”).

3. Green Money Limited has not referred the matter to the Upper Tribunal (Tax and Chancery

Chamber) within 28 days of the date on which the Decision Notice was given to it.

4. Accordingly, the FSA has today cancelled Green Money Limited’s Part IV permission.

REASONS FOR ACTION

5. On the basis of the facts and matters and conclusions described in its Warning Notice issued to

Green Money Limited dated 15 November 2012 (the “Warning Notice”), and in the Decision
Notice, it appears to the FSA that Green Money Limited are failing to satisfy the threshold
conditions set out in Schedule 6 to the Act (the “Threshold Conditions”) in that the FSA is not

satisfied that Green Money Limited is a fit and proper person having regard to all the
circumstances, including the need to ensure that its business is conducted soundly and
prudently.

6. This is because Green Money Limited has failed to comply with the regulatory requirement to

submit its Retail Mediation Activities Return for the period ended 30 June 2012 (the
“RMAR”). Green Money Limited has not been open and co-operative in all its dealings with
the FSA, in that it has failed to respond to the FSA's repeated requests for it to submit the
RMAR, and has thereby failed to comply with Principle 11 of the FSA's Principles for
Businesses and to satisfy the FSA that it is ready, willing and organised to comply with the
requirements and standards under the regulatory system.

7. These failures, which are significant in the context of Green Money Limited’s suitability, lead

the FSA to conclude that Green Money Limited is not conducting its business soundly and
prudently and in compliance with proper standards, that it is not a fit and proper person, and
that it is therefore failing to satisfy the Threshold Conditions in relation to the regulated
activities for which it has had Part IV permission.

DECISION MAKER

8. The decision which gave rise to the obligation to give this Final Notice was made by the

Regulatory Decisions Committee.

IMPORTANT

9. This Final Notice is given to Green Money Limited in accordance with section 390(1) of the

Act.

Publicity

10. 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 Green Money Limited or prejudicial to the interests of
consumers.

11. The FSA intends to publish such information about the matter to which this Final Notice

relates as it considers appropriate.

FSA Contact

12. For more information concerning this matter generally, please contact Evan Cheminais at the

FSA (direct line: 020 7066 7232/fax: 020 7066 6677).

John Kirby
FSA Enforcement and Financial Crime Division