FINAL NOTICE

To:


Lester Evans

ACTION

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


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


3.
Lester Evans 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 Lester Evans’ 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 Lester Evans on 2
March 2016;

“Lester Evans’ Part 4A permission” means the permission granted by the
Authority to Lester Evans under the Act;

“the Overdue Balance” means the amount owed by Lester Evans to the Authority
totalling £1,694.44 (in respect of periodic fees and levies), which had been due
for payment by 12 September 2015;

“the Principles” means the Authority’s Principles for Businesses;

“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 Lester Evans on 26
January 2016.

REASONS FOR THE 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 Lester Evans is
failing to satisfy the Threshold Conditions, in that the Authority is not satisfied
that Lester Evans is a fit and proper person having regard to all the
circumstances, including whether Lester Evans managed his business in such a
way as to ensure that his affairs are conducted in a sound and prudent manner.


7.
Lester Evans has failed to pay the Overdue Balance and he has not been open
and co-operative in all his dealings with the Authority, in that Lester Evans 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 Principles 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 Lester Evans 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 Lester Evans 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 Lester Evans under section 55Z and 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 Lester Evans 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.

Authority contact

13.
For more information concerning this matter generally, please contact Prea Deans
at the Authority (direct line: 020 7066 2272).

John Kirby
Enforcement and Market Oversight Division