North London Van Centre Ltd v Financial Conduct Authority

Financial services – Financial Conduct Authority. The decision by the Financial Conduct Authority to cancel the limited permission to carry on consumer credit activities including credit broking given to North London Van Centre Ltd (NLVC) under Pt 4A of the Financial Services and Markets Act 2000 (FSMA 2000) had not been outside the bounds of reasonable decisions open to it. Consequently, the Upper Tribunal (Tax and Chancery Chamber) dismissed the reference made to it by NLVC concerning the FCA's Decision Notice.

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