FINAL NOTICE

To:


Paul Bryan Moss trading as IMG Mortgages

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the
following action against Paul Bryan Moss trading as IMG Mortgages (“Paul Moss”).


2.
The Authority gave Paul Moss a Decision Notice on 21 November 2013 (“the
Decision Notice”) which notified Paul Moss that for the reasons given below and
pursuant to section 55J of the Act, the Authority had decided to cancel the
permission granted to Paul Moss under the Act (“Paul Moss’s permission”).


3.
Paul Moss 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 Paul Moss’s permission.

DEFINITIONS

5.
The definitions below are also used in this Final Notice:

“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;

“the Threshold Conditions” means the threshold conditions set out in Part 1 of
Schedule 6 to the Act;

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


REASONS FOR THE ACTION

6.
On the basis of the facts and matters and conclusions described in the Warning
Notice issued to Paul Moss dated 30 October 2013, and in the Decision Notice, it
appears to the Authority that Paul Moss is failing to satisfy the Threshold
Conditions, in that the Authority is not satisfied that Paul Moss is a fit and proper
person having regard to all the circumstances, including whether Paul Moss has
managed his business in such a way as to ensure that his affairs are conducted in
a sound and prudent manner.


7.
Paul Moss has failed to co-operate with the Authority in that he has failed to
notify the Authority of his change of contact details, and he has failed to apply to
cancel his permission.


8.
These failures lead the Authority to conclude that Paul Moss 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 he 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 Paul Moss 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 Paul Moss 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.

Contact

13.
For more information concerning this matter generally, please contact Roger
Hylton at the Authority (direct line: 020 7066 8168).

John Kirby
Enforcement and Financial Crime Division