FINAL NOTICE

To:

Mark Ian Warner trading as Advanced Financial

Management

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby cancels Mr
Warner’s Part 4A permission pursuant to section 55J of the Act.

2.
The Authority gave Mr Warner a Decision Notice on 17 April 2014 which notified
him that it had decided to take the above action. Mr Warner has not referred the
matter to the Tribunal within 28 days of the date on which the Decision Notice
was given to him.

DEFINITIONS

3.
The definitions below are used in this Final Notice:

Mark Ian Warner trading as Advanced Financial Management
29 May 2014

“Mr Warner’s Part 4A permission” means Mr Warner’s permission granted
pursuant to Part 4A of the Act;

“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;

“Mr Warner” means Mark Ian Warner trading as Advanced Financial Management;

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

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

REASONS FOR ACTION

4.
By a First Supervisory Notice dated 21 March 2014, Mr Warner’s Part 4A
permission was varied by removing all regulated activities with immediate effect,
on the basis that Mr Warner failed to satisfy the Threshold Conditions.
Specifically, Mr Warner had failed to be open and co-operative with the Authority
and therefore failed to satisfy the suitability Threshold Condition.

5.
By a Secondary Supervisory Notice dated 17 April 2014, the Authority decided
not to rescind the variation of the permission imposed on Mr Warner pursuant to
Part 4A of the Act.

6.
Section 55J(8) of the Act provides that, if, as a result of a variation of a Part 4A
permission under section 55J, there are no longer any regulated activities for
which the authorised person concerned has permission, the Authority must, once
it is satisfied that it is no longer necessary to keep the permission in force, cancel
it.

7.
On the basis of the facts and matters described above, in the Warning Notice
dated 21 March 2014 and in the Decision Notice, the Authority is satisfied that it
is no longer necessary to keep Mr Warner’s permission in force and accordingly
has a duty to cancel Mr Warner’s Part 4A permission.

PROCEDURAL MATTERS

Decision Maker


8.
The decision which gave rise to the obligation to give this Final Notice was made
by the Regulatory Decisions Committee.

Important

9.
This Final Notice is given to Mr Warner under section 55Z and in accordance with
section 390(1) of the Act.

Mark Ian Warner trading as Advanced Financial Management
29 May 2014

Page 3 of 3

10.
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 Mr Warner or prejudicial to the interests of consumers.

11.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.

12.
For more information concerning this matter generally, please contact Stephanie
Prowse at the Authority (direct line: 0207 066 9404).

John Kirby
Enforcement and Financial Crime Division