_____________________________________________________________________


FINAL NOTICE

_____________________________________________________________________

To:

Stone Futures Limited

Of:



Crown House




Home Gardens




Dartford




DA1 1DZ



FSA reference number:
515339

Dated:


20 February 2012

TAKE NOTICE: The Financial Services Authority of 25 The North Colonnade, Canary
Wharf, London E14 5HS (the “FSA”) gives Stone Futures Limited (“Stone”), final
notice about a decision to cancel the permission granted to Stone to carry on regulated
activities

1.
ACTION

1.1.
The FSA gave Stone a Decision Notice on 17 January 2012 (the “Decision Notice”)
which notified Stone 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 Stone pursuant to Part IV of the Act (“Stone’s Part IV
permission”).

1.2.
Stone 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 Stone.

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


2.
REASONS FOR ACTION

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

2.2.
This is because Stone has failed to pay fees and levies of £6,344.55 owed to the FSA,
despite repeated requests by the FSA that it does so.

2.3.
This failing, which is significant in the context of Stone’s suitability, leads the FSA to
conclude that Stone is not conducting its business soundly and prudently and in
compliance with proper standards and that Stone is not a fit and proper person, and
that it is therefore failing to satisfy the Threshold Conditions in relation to the
regulated activities for which it 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 Stone in accordance with section 390(1) of the Act.

Publicity

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 Stone 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 Anu Upadhya
(direct line: 020 7066 9536/fax: 020 7066 9537) at the FSA.



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