FCA objects to Change in Control due to failures to meet standards

News Financial services Sanctions & Fines

Date: 10th Jan, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On January 10, 2025, the Financial Conduct Authority issued an update regarding FCA objects to Change in Control due to failures to meet standards. Mr Ahmed's failure to notify and seek approval for acquiring Olampicaran Limited led to harm to the UK payment services market integrity. The FCA objected due to Mr Ahmed's serious lack of professional competence, citing prior non-compliance with legislation, including unregistered ownership of a regulated firm."

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Financial Conduct Authority

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FCA objects to Change in Control due to failures to meet standards

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FCA objects to Change in Control due to failures to meet standards

Brief

Financial Conduct Authority

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