FINAL NOTICE

To:
Integrity Payment UK LTD


Unit 81


Greenway Business Centre


Harlow Business Park


Harlow


Essex


CM19 5QE

FRN:
912428

Dated:
27 April 2023


ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes
the following action against Integrity Payment UK Ltd (‘IPUL’).

2.
The Authority issued the Decision Notice to IPUL which notified it that
for the reasons given below and pursuant to section 55J of the Act,
the Authority had decided to cancel IPUL’s Part 4A permission.

3.
IPUL has not referred the matter to the Tribunal within 28 days of the
date on which the Decision Notice was issued to it.

4.
Accordingly, the Authority has today cancelled IPUL’s Part 4A
permission.





DEFINITIONS

5.
The definitions below are used in this Final Notice:

“the Act” means the Financial Services and Markets Act 2000;

“the Authority” means the Financial Conduct Authority;

“the Decision Notice” means the Decision Notice issued to IPUL dated
14 February 2023;

“EDM” means an Enforcement Executive Decision Maker of the
Authority;

“the Effective Supervision Threshold Condition” means the Threshold
Condition set out in paragraph 2C of Schedule 6 to the Act;

“IPUL” means Integrity Payment UK Ltd;

“IPUL’s Part 4A permission” means the permission granted by the
Authority to Integrity Payment UK Ltd pursuant to Part 4A of the Act;


“the Threshold Conditions” means the threshold conditions set out in
Schedule 6 to the Act;

“the Tribunal” means the Upper Tribunal (Tax and Chancery
Chamber); and


“the Warning Notice” means the Warning Notice issued to IPUL on 09
January 2023.


REASONS FOR ACTION

6.
On the basis of the facts and matters and conclusions described in
the Warning Notice and in the Decision Notice, it appears to the
Authority that IPUL is failing to satisfy the Effective Supervision
Threshold Condition, because the Authority has no means by which
it can communicate with IPUL regarding regulatory matters. As a
result, the Authority does not consider it is likely that the Authority
will receive adequate information from IPUL to enable the Authority
to determine whether IPUL is complying with the requirements and
standards of the regulatory system and to identify and assess the
impact on the Authority’s statutory objectives.


7.
IPUL has failed to respond to the Authority’s information
requirements and attempts to communicate, being uncontactable.
IPUL is therefore not capable of being effectively supervised by the
Authority and is failing to satisfy the Threshold Condition in relation
to the regulated activities for which it was granted a Part 4A
permission.


DECISION MAKER

8.
The decision which gave rise to the obligation to give this Final Notice
was made by an Enforcement Decision Maker of the Authority.


IMPORTANT

9.
This Final Notice is given to IPUL in accordance with section 390(1)
of the Act.




Publicity


10.
The Authority must publish such information about the matter to
which this Final Notice relates 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 IPUL
or prejudicial to the interest of consumers.


Authority Contact

11. For more information concerning this matter generally, please contact
Ya Ngoneh Sarr at the Authority (direct line: 020 7066 7944).