FINAL NOTICE

_____________________________________________________________________

To:

Ashok Kumar Sharma trading as Shivani Claims Services

Of:



88c The Broadway

FSA reference number:
312972


TAKE NOTICE: The Financial Services Authority of 25 The North Colonnade, Canary
Wharf, London E14 5HS (the “FSA”) has decided to take the following action

1.
ACTION

1.1.
The FSA gave Ashok Kumar Sharma trading as Shivani Claims Services (“Mr
Sharma”) a Decision Notice on 30 August 2011 (the “Decision Notice”) which
notified Mr Sharma 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 Mr Sharma pursuant to Part IV of the Act (“Mr Sharma’s Part
IV permission”).

1.2.
Mr Sharma was informed of his statutory right to make a reference to the Upper
Tribunal (Tax and Chancery Chamber) (the “Upper Tribunal”), but he has not referred
the Decision Notice to the Upper Tribunal within 28 days of the date on which the
Decision Notice was given to him.

1.3.
Accordingly, the FSA has today cancelled Mr Sharma’s Part IV permission.

Ashok Kumar Sharma trading as Shivani Claims Services
30 September 2011
Final Notice
Page 2

2.
REASONS FOR ACTION

2.1.
On the basis of the facts and matters and conclusions described in its Warning Notice
dated 19 July 2011 (the “Warning Notice”), and in the Decision Notice, the FSA has
concluded that Mr Sharma is failing to satisfy the Threshold Conditions set out in
Schedule 6 to the Act (the “Threshold Conditions”).

2.2.
This is because Mr Sharma has failed to pay fees and levies of £1,327.75 owed to the
FSA, despite repeated requests by the FSA that he does so.

2.3.
This failing, which is significant in the context of Mr Sharma’s suitability, leads the
FSA to conclude that Mr Sharma is not conducting his business soundly and prudently
and in compliance with proper standards and that Mr Sharma 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 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 Mr Sharma in accordance with section 390(1) of the Act.

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 Mr Sharma 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.

4.4.
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

Ashok Kumar Sharma trading as Shivani Claims Services
30 September 2011
Final Notice
Page 3