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Status: You are viewing the version of the handbook as on 2005-06-30.

MIGI 16.2 Cancellation of Permission

MIGI 16.2.1G

If your firm wishes to cease carrying on all regulated activities for which your firm holds permission, you may apply for a cancellation of permission. You may do this whilst still carrying out business so long as your firm has formal plans to cease all regulated activities in the short term (normally 6 months from the date of application for the cancellation of permission). Our rules on cancellation of permission are in SUP 6. There is a flowchart at SUP 6 Annex 3 that summarises the procedures for applying for a cancellation of permission.