The FCA has today banned Andrew Barlas from performing any function in relation to any regulated activity. The FCA found that Barlas knowingly submitted two mortgage applications to mortgage lenders containing false and misleading information about his income.
The full final notice can be seen here.
Background
- The Final Notice.
- The FCA Principles and FCA Client Asset Rules
- On the 1 April 2013 the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.