Westminster Mortgages Limited (In Liquidation) Final Notice
15 June 2011 Page 6
Westminster has also failed to satisfy the FSA that it is conducting its business soundly and prudently and in compliance with proper standards or that it is a fit and proper person having regard to all the circumstances. These failures are significant in the context of its suitability; and
Westminster is therefore failing to satisfy the Threshold Conditions in relation to the regulated activities for which it has Part IV permission.
The FSA has therefore decided that it is appropriate to cancel Westminster’s Part IV permission.”