FSA cancels broker's permission
The Financial Services Authority (FSA) has cancelled the permission granted to Castle Grove Insurance Services.
The regulator stated that the Hertfordshire-based broker had not conducted any regulated activity since 11 April 2011 and, having been given the opportunity to do so, that the broker declined to cancel its permission.
As a result, last week the FSA cancelled the relevant authorised person’s permission.
According to previous articles, Caste Grove had specialised in a range of commercial insurance activities including van, fleet, professional indemnity, employers' liability and public liability
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