The Financial Conduct Authority has cancelled Insure 24/7’s regulatory permission after the Manchester-based broker failed to supply the mandatory returns and did not respond to numerous communications from the regulator.

In a statement, the FCA said: “Insure 24/7 is required to submit the Returns to the Authority by the relevant due date. However, Insure 24/7 has failed to submit the Returns to the Authority. The Authority therefore considers that Insure 24/7 has failed to provide information to the Authority as is required by the Handbook.”

It added: “The Authority has therefore decided to cancel Insure 24/7’s Part 4A permission. The cancellation of Insure 24/7’s Part 4A permission takes effect on the date of this Notice of Decision.”

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