FINAL NOTICE

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the
following action against John Dixon.


2.
The Authority gave John Dixon a Decision Notice on 25 April 2013 (the “Decision
Notice”) which notified him that for the reasons given below and pursuant to
section 45 (now section 55J) of the Act, the Authority had decided to cancel the
permission granted to John Dixon under the Act (“John Dixon’s permission”).


3.
John Dixon has not referred the matter to the Tribunal within 28 days of the date
on which the Decision Notice was given to him.


4.
Accordingly, the Authority has today cancelled John Dixon’s 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 body corporate previously known as the Financial
Services Authority and renamed on 1 April 2013 as the Financial Conduct
Authority

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


REASONS FOR THE ACTION

6.
On the basis of the facts and matters and conclusions described in the Warning
Notice issued to John Dixon dated 18 February 2013 (the “Warning Notice”), and
in the Decision Notice, it appears to the Authority that John Dixon is failing to
satisfy the threshold conditions set out in Schedule 6 to the Act (the “Threshold
Conditions”), in that the Authority is not satisfied that John Dixon is a fit and
proper person having regard to all the circumstances, including whether John
Dixon managed his business in such a way as to ensure that his affairs are
conducted in a sound and prudent manner.


7.
John Dixon has failed to pay regulatory fees and levies owed to the Authority
totalling £2,279.63 (the “Overdue Balance”), and he has not been open and co-
operative in all his dealings with the Authority, in that he has failed to respond to
the Authority’s repeated requests for him to pay the Overdue Balance, and has
thereby failed to comply with Principle 11 of the Authority’s Principles for
Businesses and to satisfy the Authority that he is ready, willing and organised to
comply with the requirements and standards under the regulatory system.


8.
These failures lead the Authority to conclude that John Dixon has failed to
manage his business in such a way as to ensure that his affairs are conducted in
a sound and prudent manner, 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 a permission.


DECISION MAKER

9.
The decision which gave rise to the obligation to give this Final Notice was made
by the Regulatory Decisions Committee.

IMPORTANT

10.
This Final Notice is given to John Dixon in accordance with section 390(1) of the
Act.

Publicity

11.
The Authority must publish such information about the matter to which this Final
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 John Dixon or prejudicial to the interest of consumers.


12.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.

Contact

13.
For more information concerning this matter generally, please contact Amar
Unadkat at the Authority (direct line: 020 7066 7182).

John Kirby
Enforcement and Financial Crime Division