FINAL NOTICE

To:

Kenneth James McKenzie trading as Mortgage & Finance
Solutions

ACTION

1.
For the reasons set out in this Final Notice, the Financial Services Authority (the
“FSA”) hereby takes the following action against Kenneth James McKenzie trading as
Mortgage & Finance Solutions (“Kenneth McKenzie”).

2.
The FSA gave Kenneth McKenzie a Decision Notice on 14 September 2012 (the
“Decision Notice”), which notified Kenneth McKenzie 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 Kenneth McKenzie
under Part IV of the Act (“Kenneth McKenzie’s Part IV permission”).

3.
Kenneth McKenzie 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.

4.
Accordingly, the FSA has today cancelled Kenneth McKenzie’s Part IV permission.



Kenneth James McKenzie trading as Mortgage & Finance Solutions
22 October 2012
Final Notice

Page 2

REASONS FOR ACTION

5.
On the basis of the facts and matters and conclusions described in its Warning Notice
dated 11 July 2012 (the “Warning Notice”), and in the Decision Notice, it appears to
the FSA that Kenneth McKenzie is failing to satisfy the threshold conditions set out in
Schedule 6 of the Act (the “Threshold Conditions”).

6.
This is because Kenneth McKenzie has failed to comply with the regulatory
requirement that he notify the FSA of adequate, current contact details and has failed
to respond adequately to communications from the FSA. Kenneth McKenzie has not
been open and co-operative in all his dealings with the FSA and has thereby failed to
comply with Principle 11 of the FSA’s Principles for Businesses and to satisfy the
FSA that he 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 Kenneth McKenzie’s suitability,
lead the FSA to conclude that Kenneth McKenzie is not conducting his business
soundly and prudently and in compliance with proper standards and that Kenneth
McKenzie is not a fit and proper person, and that Kenneth McKenzie is therefore
failing to satisfy the Threshold Conditions in relation to the regulated activities in
Kenneth McKenzie’s 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.

9.
This Final Notice is given to Kenneth McKenzie 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 Kenneth McKenzie 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.









Kenneth James McKenzie trading as Mortgage & Finance Solutions
22 October 2012
Final Notice

Page 3

FSA CONTACT

12.
For more information concerning this matter generally, please contact Kathryn Willis
at the FSA (direct line: 020 7066 2098 / fax: 020 7066 2099).





John Kirby
FSA Enforcement and Financial Crime Division