Cheshire-based adviser Denis Armitt has had his Part 4A permissions revoked by the Financial Conduct Authority (FCA).
On 17 July, the FCA said in a decision notice that it decided to cancel Armitt’s Part 4A permission and he no longer has permission to carry on any regulated activities.
The adviser was the director of advice company Denis Armitt, according to the FCA register.
Armitt was first authorised by the UK regulator on 26 October 2004 and had a Part 4A permission to conduct the following regulated activities in relation to insurance distribution and designated investment business:
- agreeing to carry on a regulated activity;
- advising on investments (except on pension transfers and pension opt outs);
- advising on P2P agreements;
- arranging (bringing about) deals in investments; and
- making arrangements with a view to transactions in investments.
The FCA said it revoked Armitt’s permissions after he “failed to provide information to the authority as is required by the Handbook”, which includes submitting returns.
Armitt failed to respond to a notice in April 2023 and, therefore, the FCA decided to cancel his permissions.
