FSA cancels ex-Coversure franchisee's permissions


The FSA stated that it had cancelled Mr Lung's Part IV permission due to his failing to satisfy certain threshold conditions.

It also noted that Mr Lung "had not conducted his business soundly and prudently and in compliance with proper standards and that he is not a fit and proper person".

According to the regulator Mr Lung failed to notify it of his cessation of regulated business or his change of contact details, and failed to apply to cancel his permission despite requests that he did so.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: