FINAL NOTICE

_____________________________________________________________________

To:

Swift Travels & Estate Agents Limited

FSA reference number:
521857


ACTION

1.
For the reasons set out in this Final Notice, the Financial Services Authority (the
“FSA”) hereby takes the following action against Swift Travels & Estate Agents
Limited (“Swift”).

2.
The FSA gave Swift a Decision Notice on 13 June 2012 (the “Decision Notice”)
which notified Swift 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 Swift as a small payment institution under the
PSR (“Swift’s registration”).

3.
Swift has not referred the matter to the Upper Tribunal (Tax and Chancery Division)
within 28 days of the date on which the Decision Notice was given to it.

4.
Accordingly, the FSA has today cancelled Swift’s registration.

Swift Travels & Estate Agents Limited 16 July 2012
Final Notice
Page 2

REASONS FOR ACTION

5.
On the basis of the facts and matters described in its Warning Notice dated 25 April
2012 (the “Warning Notice”), and in the Decision Notice, the FSA has concluded that
by failing to pay fees and levies owed to the FSA, and to respond adequately to the
FSA’s repeated requests that it does so, Swift has failed to demonstrate a readiness
and willingness to comply with its regulatory obligations and to deal with the FSA in
an open and co-operative way. It is therefore desirable to cancel Swift’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).

6.
Swift has failed to pay fees and levies totalling £559.60 owed to the FSA, and to
respond adequately to the FSA’s repeated requests that it does so.

DECISION MAKER

7.
The decision which gave rise to the obligation to give this Final Notice was made by
the Regulatory Decisions Committee.

8.
This Final Notice is given to Swift 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

9.
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
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 Swift or prejudicial to the interests of
consumers.

10.
The FSA intends to publish such information about the matter to which this Final
Notice relates as it considers appropriate.

FSA CONTACT

11.
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