FINAL NOTICE

To:
Robert Salisbury (trading as RLS Leasing)

FRN:
824412


Dated:
30 July 2021

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the following
action against Robert Salisbury trading as RLS Leasing.

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

3.
Mr Salisbury 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 Mr Salisbury’s 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 by the Authority to Mr
Salisbury dated 28 April 2021;

“the Overdue Balance” means the total outstanding sum of £398.43, owed by Mr
Salisbury to the Authority for annual fees and levies for the period 1 April 2018 to
31 March 2019, which was due for payment by 5 April 2019 and for fees and levies
for the period 1 April 2019 to 31 March 2020, which was due for payment by 14
November 2019;

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

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


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Final Notice
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“the suitability Threshold Condition” means the threshold condition set out in
paragraph 2E of Schedule 6 to the Act;

“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 by the Authority to Mr
Salisbury dated 25 March 2021.

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 Mr Salisbury is
failing to satisfy the suitability Threshold Condition, in that the Authority is not
satisfied that Mr Salisbury is a fit and proper person having regard to all the
circumstances, including whether Mr Salisbury managed his business in such a way
as to ensure that his affairs were conducted in a sound and prudent manner.

7.
Mr Salisbury 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 Mr Salisbury 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 of the regulatory system.

These failures, which are significant in the context of Mr Salisbury’s suitability, lead
the Authority to conclude that Mr Salisbury 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
was granted a Part 4A permission.

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 Salisbury in accordance with section 390(1) of the
Act.

Publicity

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 Salisbury or prejudicial to the interest of consumers.

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





Salisbury trading as RLS Leasing




30 July 2021
Final Notice
Page 3

Authority contact

12.
For more information concerning this matter generally, please contact Rachel
Puckett at the Authority (direct line: 020 7066 2860).


Anna Couzens
Enforcement and Market Oversight Division