FINAL NOTICE

ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the following
action against Mr Tuckey.



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


3.
Mr Tuckey 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 Tuckey’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 to Mr Tuckey dated 8
November 2018;

“the Overdue Balance” means the outstanding sum of £151, owed by Mr Tuckey to
the Authority for annual fees and levies for the period 1 April 2017 to 31 March 2018,
which was due for payment by 29 September 2017;

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

“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);


“Mr Tuckey’s Part 4A permission” means the permission granted by the Authority to

Ronald Tuckey pursuant to Part 4A of the Act; and

“the Warning Notice” means the Warning Notice issued to Mr Tuckey dated 16
October 2018.

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


7.
Mr Tuckey has failed to pay the Overdue Balance and has not been open and co-
operative in all his dealings with the Authority, in that Mr Tuckey 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.


8.
These failures, which are significant in the context of Mr Tuckey’s suitability, lead the
Authority to conclude that Mr Tuckey 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
Part 4A 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 Mr Tuckey 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 Mr Tuckey 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.

Authority contact

13.
For more information concerning this matter generally, please contact Maria Lewis
at the Authority (direct line: 020 7066 0897).

Anna Couzens
Enforcement and Market Oversight Division