FCA cancels Guyon Capital Administration’s permission

The UK Monetary Conduct Authority (FCA) has determined to cancel Guyon Capital Administration Restricted’s Half 4A permission.

The impact of the cancellation is that Guyon Capital Administration Restricted not has permission to hold on any regulated actions.

The agency was authorised by the Authority to conduct the next regulated actions:

  1. agreeing to hold on a regulated exercise;
  2. arranging (bringing about) offers in investments;
  3. making preparations with a view to transactions in investments; and
  4. managing investments

Guyon Capital Administration submitted regulatory returns to the Authority for the durations 1 January 2020 to 31 December 2021 which present that the agency has not generated any revenue from the regulated actions it’s permitted to hold on.

On 19 July 2023, the Authority gave the agency a discover which acknowledged that:

  1. the Authority thought-about that the agency is carrying on no regulated exercise to which its Half 4A permission relates; and
  2. the Authority proposes to cancel Guyon Capital Administration’s Half 4A permission on 17 August 2023 except the agency takes the steps specified within the instructions to note.

Guyon Capital Administration didn’t take the steps specified within the discover.

The Authority considers that Guyon Capital Administration is carrying on no regulated exercise to which its Half 4A permission relates. The Authority has due to this fact determined to cancel the agency’s Half 4A permission. The cancellation of GCML’s Half 4A permission took impact on August 17, 2023.