Management Clinic - Closing down: Heading for the door
The Financial Services Compensation Scheme fees hike was the last straw: I'm selling my book of business. Please tell me that it is straightforward to get away from the clutches of the Financial Services Authority.
Selling your book with a view to later closing the company is an easier route than selling your shares from a regulatory perspective because, had you intended to sell your company, you would have had to give the Financial Services Authority notice of a change of controller, the identity of the acquiring firm and seek FSA approval before completing any deal. So, the disposal process becomes easier.
If you have a Gabriel six-monthly return outstanding and if that relates to the period ending while
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