FINAL NOTICE

To:
Michael Muhammad trading as Hereafter Finance

TAKE NOTICE: The Financial Services Authority (the "FSA") of 25 The North
Colonnade, Canary Wharf, London E14 5HS gives you, Michael Muhammad trading as
Hereafter Finance, final notice about a decision to cancel the permission granted to you
to carry on regulated activities

1.
ACTION

1.1
The FSA gave you a Decision Notice on 14 April 2011 (the "Decision Notice") which
notified you 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 you pursuant to Part IV of the Act ("your Part IV
permission"). You have not referred the matter to the Upper Tribunal within 28 days
of the date on which the Decision Notice was given to you. Accordingly, the FSA has
today cancelled your Part IV permission.

2.
REASONS FOR ACTION

2.1 On the basis of the facts and matters and conclusions described in its Warning Notice
dated 23 February 2011 (the "Warning Notice"), and in the Decision Notice, it
appears to the FSA that you are failing to satisfy the threshold conditions set out in
Schedule 6 to the Act (the "Threshold Conditions") in that the FSA is not satisfied

Michael Muhammad trading as Hereafter Finance
24 May 2011
Final Notice Page 2

that you are a fit and proper person having regard to all the circumstances, including
the need to ensure that your business is conducted soundly and prudently.

2.2
This is because you have failed to comply with the regulatory requirement to submit
your Retail Mediation Activities Return for the period ended 30 September 2010 (the
“RMAR”). You have not been open and co-operative in all your dealings with the
FSA, in that you have failed to respond to the FSA's repeated requests for you to
submit the RMAR, and have thereby failed to comply with Principle 11 of the FSA's
Principles for Businesses and to satisfy the FSA that you are ready, willing and
organised to comply with the requirements and standards under the regulatory system.

2.3
These failures, which are significant in the context of your suitability, lead the FSA to
conclude that you are not conducting your business soundly and prudently and in
compliance with proper standards, that you are not a fit and proper person, and that
you are therefore failing to satisfy the Threshold Conditions in relation to the
regulated activities for which you have had Part IV permission.

3.
DECISION MAKER

3.1
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

4. IMPORTANT

4.1
This Final Notice is given to you in accordance with section 390(1) of the Act.


Publicity

4.2
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 you or prejudicial to
the interests of consumers.

4.3
The FSA intends to publish such information about the matter to which this Final
Notice relates as it considers appropriate.

FSA Contact

4.4 For more information concerning this matter generally, you should contact Sarah
Brewer at the FSA (direct line: 020 7066 8886 /fax: 020 7066 6677).

John Kirby
FSA Enforcement and Financial Crime Division