FCA cancels Monarch Sterling Limited’s permission to carry on regulated activities

The UK Financial Conduct Authority (FCA) has revoked Monarch Sterling Limited’s Part 4A permission to conduct regulated activities. The firm had been authorised to advise on investments and regulated mortgage contracts, arrange deals in investments, engage in credit broking, debt adjusting, debt-counselling, and make arrangements for transactions in investments and regulated mortgage contracts. 

The FCA determined that the firm fails to satisfy the Suitability Threshold Condition, as it is not a fit and proper person to conduct regulated activities. Specifically, despite repeated requests and warnings, the firm did not submit its annual regulatory returns, including the Retail Mediation Activities Return, CCR002, FCA Official Complaints Return, CCR-Complaints Return, and the Directory Persons Attestation. The firm also failed to pay overdue regulatory fees and levies. Consequently, the FCA is not satisfied that the firm’s business will be managed in a sound and prudent manner. The cancellation, effective July 30, 2026, supports the Authority’s consumer protection and integrity objectives.