Final Notice
On , the Financial Conduct Authority issued a Final Notice to Howard Kennedy Corporate Services LLP
1
FINAL NOTICE
Address:
No. 1 London Bridge
London
SE1 9BG
1.
ACTION
1.1.
For the reasons given in this Final Notice, following a request received from
Howard Kennedy Corporate Services LLP (“HKCS LLP”) the Authority hereby limits
and restricts the services to which the sponsor approval of HKCS LLP relates, such
that HKCS LLP may provide sponsor services solely to a company listed or applying
for listing on the Official List in the listing category closed-ended investment funds.
2.
SUMMARY OF REASONS
2.1.
The Authority hereby grants HKCS LLP’s application for the above limitation and
restriction.
2.2.
The Notice is part of a sponsor supervisory process and not disciplinary in nature.
For the sake of clarity, no disciplinary sanction has been imposed by this Notice.
3.
DEFINITIONS
3.1.
The definitions below are used in this Notice:
“the Act” means the Financial Services and Markets Act 2000
“the Authority” means the Financial Conduct Authority
4.
FACTS AND MATTERS
4.1.
HKCS LLP is authorised and regulated by the Authority and is on the list of
approved sponsors.
4.2.
HKCS LLP has applied to the Authority to limit and restrict the services to which
its sponsor approval relates, such that it may provide sponsor services solely to a
company listed or applying for listing on the Official List in the listing category
closed-ended investment funds.
4.3.
The Authority hereby grants this application.
5.
PROCEDURAL MATTERS
5.1.
This Notice is given to HKCS LLP under, and in accordance with, section 390 of
the Act.
Decision maker
5.2.
The decision which gave rise to the obligation to give this Notice was made by
FCA staff under Executive Procedures.
5.3.
Sections 391(4), 391(6) and 391(7) of the Act apply to the publication of
information about the matter to which this notice relates. Under those provisions,
the Authority must publish such information about the matter to which this notice
relates as the Authority considers appropriate. The information may be published
in such manner as the Authority considers appropriate. However, the Authority
may not publish information if such publication would, in the opinion of the
Authority, be unfair to you or prejudicial to the interests of consumers or
detrimental to the stability of the UK financial system.
5.4.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.
Authority contacts
5.5.
For more information concerning this matter generally, contact Niall Perera at the
Authority (direct line: 020 7066 2681 /email: Niall.Perera@fca.org.uk).
Head of Department (Interim), Primary Market Oversight, for and on behalf of the
FINAL NOTICE
Address:
No. 1 London Bridge
London
SE1 9BG
1.
ACTION
1.1.
For the reasons given in this Final Notice, following a request received from
Howard Kennedy Corporate Services LLP (“HKCS LLP”) the Authority hereby limits
and restricts the services to which the sponsor approval of HKCS LLP relates, such
that HKCS LLP may provide sponsor services solely to a company listed or applying
for listing on the Official List in the listing category closed-ended investment funds.
2.
SUMMARY OF REASONS
2.1.
The Authority hereby grants HKCS LLP’s application for the above limitation and
restriction.
2.2.
The Notice is part of a sponsor supervisory process and not disciplinary in nature.
For the sake of clarity, no disciplinary sanction has been imposed by this Notice.
3.
DEFINITIONS
3.1.
The definitions below are used in this Notice:
“the Act” means the Financial Services and Markets Act 2000
“the Authority” means the Financial Conduct Authority
4.
FACTS AND MATTERS
4.1.
HKCS LLP is authorised and regulated by the Authority and is on the list of
approved sponsors.
4.2.
HKCS LLP has applied to the Authority to limit and restrict the services to which
its sponsor approval relates, such that it may provide sponsor services solely to a
company listed or applying for listing on the Official List in the listing category
closed-ended investment funds.
4.3.
The Authority hereby grants this application.
5.
PROCEDURAL MATTERS
5.1.
This Notice is given to HKCS LLP under, and in accordance with, section 390 of
the Act.
Decision maker
5.2.
The decision which gave rise to the obligation to give this Notice was made by
FCA staff under Executive Procedures.
5.3.
Sections 391(4), 391(6) and 391(7) of the Act apply to the publication of
information about the matter to which this notice relates. Under those provisions,
the Authority must publish such information about the matter to which this notice
relates as the Authority considers appropriate. The information may be published
in such manner as the Authority considers appropriate. However, the Authority
may not publish information if such publication would, in the opinion of the
Authority, be unfair to you or prejudicial to the interests of consumers or
detrimental to the stability of the UK financial system.
5.4.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.
Authority contacts
5.5.
For more information concerning this matter generally, contact Niall Perera at the
Authority (direct line: 020 7066 2681 /email: Niall.Perera@fca.org.uk).
Head of Department (Interim), Primary Market Oversight, for and on behalf of the