The Financial Conduct Authority has cancelled Down Insurances Limited’s Part 4A permission. The company was initially authorised by the FCA in 2012. The regulator said it had cancelled the company’s authorisation because it had not supplied a number of obligatory returns.

Issuing its decision, the regulator stated: “The Firm is required to submit the FDA [Firm Details Attestation] to the Authority by the relevant due date. However, the Firm has failed to submit the FDA to the Authority. The Authority therefore considers that the Firm has failed to provide information to the Authority as is required by the Handbook.”