WebThe FCA also sought to link Mr Frensham’s conviction to the integrity objective and the possible loss in – public confidence in the industry if a person convicted of an offence of this type was allowed to continue to work as a financial adviser. Here the Tribunal found the FCA’s argument more convincing (applying SRA WebMar 29, 2024 · Frensham has referred the FCA Decision Notice to the upper tribunal, meaning that the action outlined in the notice is provisional pending its outcome. He is contesting that the ‘fit’ portion of the ‘fit and proper’ test has been “wrongly applied” and he should not be subject to a prohibition order.

Non-financial misconduct back in the headlines Ashurst

WebNov 4, 2024 · Mr Frensham referred the FCA’s decision to the Tribunal claiming the FCA had wrongly applied its fitness and propriety test in allowing irrelevant considerations to affect its judgement and failing to give sufficient regard to other relevant factors; including, that the conduct had taken place outside the workplace and was not connected to ... WebSep 17, 2024 · We return, hopefully for the last time, to the case of financial adviser Jon Frensham who attempted to overturn a Financial Conduct Authority ban following his conviction for attempting to meet a child under the age of 16. Formerly known as Jonathan James Hunt, Frensham was the subject of an FCA decision notice in March 2024, which … how to remove grey highlight from word

Greater Birmingham FCA

Weba child. The police were called and Mr Frensham was arrested. 13. On 10 March 2024, Mr Frensham was convicted by a jury of attempting to meet a child following sexual grooming, contrary to section 1(1) of the Criminal Attempts Act 1981. 14. On 27 March 2024, Mr Frensham was sentenced to 22 months’ imprisonment, suspended for 18 months. WebSep 1, 2024 · As reported by International Adviser in March, Jon Frensham (formerly Jonathan James Hunt) was the subject of a FCA decision notice. It concluded he “was not a fit and proper person to perform a function in relation to any regulated activity due to the fact that on 10 March 2024 he was convicted by a jury […] for attempting to meet a child ... WebApr 7, 2024 · The UK’s Financial Conduct Authority (FCA) has issued a decision notice withdrawing approval for an independent financial adviser to perform regulated functions … no recoil owen gun