_____________________________________________________________________


FINAL NOTICE

_____________________________________________________________________

To:

Mian International Limited

Of:



1-3 Pennington Street




Longsight




Manchester




Lancashire




M12 4QT








FSA Reference Number:
504370

Dated:


14 August 2012

ACTION

1.
For the reasons set out in this Final Notice, the Financial Services Authority (the
“FSA”) hereby takes the following action against Mian International Limited.

2.
The FSA gave Mian International Limited a Decision Notice on 26 June 2012 (the
“Decision Notice”) which notified Mian International Limited that for the reasons
given below and pursuant to Regulation 10(1)(h) of the Payment Services Regulations
2009 (the “PSR”), the FSA had decided to cancel the registration granted to Mian
International Limited as a small payment institution under the PSR (“Mian
International Limited’s registration”).

3.
Mian International Limited 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 it.

4.
Accordingly, the FSA has today cancelled Mian International Limited’s registration.

REASONS FOR ACTION

5.
On the basis of the facts and matters described in its Warning Notice dated 9 May
2012 (the “Warning Notice”), and in the Decision Notice, the FSA has concluded that

by failing to pay fees and levies owed to the FSA, and to respond adequately to the
FSA’s repeated requests that it does so, Mian International Limited has failed to
demonstrate a readiness and willingness to comply with its regulatory obligations and
to deal with the FSA in an open and co-operative way. It is therefore desirable to
cancel Mian International Limited’s registration as a small payment institution in
order to protect the interests of consumers, in accordance with Regulation 10(1)(h) of
the PSR (as applied by Regulation 14).

6.
Mian International Limited has failed to pay fees and levies totalling £559.60 owed to
the FSA, and to respond adequately to the FSA’s repeated requests that it does so.

DECISION MAKER

7.
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

IMPORTANT

8.
This Final Notice is given to Mian International Limited in accordance with section
390(1) of the Financial Services and Markets Act 2000 (the “Act”) (as applied by
paragraph 7(b) of Part 1 of Schedule 5 to the PSR).

PUBLICITY

9.
Sections 391(4), 391(6) and 391(7) of the Act (as applied by paragraph 7(c) of Part 1
of Schedule 5 of the PSR) 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 Mian International Limited or
prejudicial to the interests of consumers.

10.
The FSA intends to publish such information about the matter to which this Final
Notice relates as it considers appropriate.

FSA CONTACT

11.
For more information concerning this matter generally, please contact Stephanie
Prowse (direct line: 020 7066 9404/fax: 020 7066 9405) at the FSA.





……………………………………………………..
John Kirby
FSA Enforcement and Financial Crime Division