_____________________________________________________________________


FINAL NOTICE

_____________________________________________________________________

To:

Speedy INTL Limited

Of:



28 High Street




Stoke-on-Trent




Staffordshire




ST6 5TG








FSA reference number:
515570


Dated:


24 January 2012

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

1.
ACTION

1.1.
The FSA gave Speedy INTL Limited a Decision Notice on 22 December 2011 (the
“Decision Notice”) which notified Speedy INTL Limited that for the reasons given
below and pursuant to Regulation 10(1)(h) of the Payment Services Regulations 2009
(the “PSR”), the FSA had decided to cancel the registration granted to Speedy INTL
Limited as a small payment institution under the PSR.

1.2.
Speedy INTL Limited was informed of its statutory right to make a reference to the
Upper Tribunal (Tax and Chancery Chamber) (the “Upper Tribunal”), but it has not
referred the Decision Notice to the Upper Tribunal within 28 days of the date on
which the Decision Notice was given to it.

1.3.
Accordingly, the FSA has today cancelled Speedy INTL Limited’s registration.




Speedy INTL Limited 24 January 2012
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 27 October 2011 (the “Warning Notice”), and in the Decision Notice, the FSA
has concluded that:

• Speedy INTL Limited has failed to pay fees and levies of £475 owed to the
FSA, and to respond adequately to the FSA’s repeated requests that it does so;
and

• Speedy INTL Limited has failed to submit the Payment Services Transactions
Return (the “FSA057”), for the period ended 31 December 2010, and to
respond adequately to the FSA’s requests that it submit the FSA057.

2.2.
These failings lead the FSA also to conclude that:

• Speedy INTL Limited has failed to comply with rules that require it to pay
fees and levies owed to the FSA;

• Speedy INTL Limited has failed to comply with the requirement that it submit
the FSA057 to the FSA;

• Speedy INTL Limited has failed to demonstrate a readiness and willingness
to:

a) comply with its ongoing regulatory obligations; and

b) deal with the FSA in an open and co-operative way;

• it is therefore desirable to cancel Speedy INTL Limited’s registration as a
small payment institution in order to protect the interests of consumers, in
accordance with Regulation 10(1)(h) of the PSR (as applied by Regulation
14).

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 Speedy INTL Limited in accordance with section 390(1)
of the Financial Services and Markets Act 2000 (the “Act”) (as applied by paragraph
7(b) of Part 1 of Schedule 5 to the PSR).

Publicity

4.2.
Sections 391(4), 391(6) and 391(7) of the Act (as applied by paragraph 7(c) of Part 1
of Schedule 5 of the PSR) apply to the publication of information about the matter to

Speedy INTL Limited 24 January 2012
Final Notice
Page 3

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 Speedy INTL Limited 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, please contact Kathryn Willis
(direct line: 020 7066 2098/fax: 020 7066 2099) at the FSA.






……………………………………………………..
John Kirby
FSA Enforcement and Financial Crime Division