FINAL NOTICE

To:

Motorhomesuk (Lincs) Limited

Dated: 21 November 2016


ACTION

1.
For the reasons set out in this Final Notice, the Authority hereby takes the
following action against ML.

2.
The Authority issued to ML the Decision Notice which notified it that for the
reasons given below and pursuant to section 55J of the Act, the Authority had
decided to cancel ML’s permission.

3.
ML has not referred the matter to the Tribunal within 28 days of the date on
which the Decision Notice was issued to ML.

4.
Accordingly, the Authority has today cancelled ML’s permission.

DEFINITIONS

5.
The definitions below are used in this Final Notice:

“the Act” means the Financial Services and Markets Act 2000;

Motorhomesuk (Lincs) Limited

16 November 2016

“the Authority” means the Financial Conduct Authority;

“the Decision Notice” means the Decision Notice issued to ML dated 11 October
2016;

“ML” means Motorhomesuk (Lincs) Limited;

“ML’s permission” means the permission granted by the Authority to ML pursuant
to Part 4A of the Act;

“the Principles” means the Authority’s Principles for Businesses;

“the Return” means the CCR007 return for the period ended 31 December 2015,
which ML was due to submit to the Authority by 12 February 2016;

“the suitability Threshold Condition” means the Threshold Condition set out in
paragraph 2E of Schedule 6 to the Act;

“the Threshold Conditions” means the threshold conditions set out in Schedule 6
to the Act;

“the Tribunal” means the Upper Tribunal (Tax and Chancery Chamber); and

“the Warning Notice” means the Warning Notice issued to ML dated 14 September
2016.

REASONS FOR ACTION

6.
On the basis of the facts and matters and conclusions described in the Warning
Notice and in the Decision Notice, it appears to the Authority that ML is failing to
satisfy the suitability Threshold Condition, in that the Authority is not satisfied
that ML is a fit and proper person having regard to all the circumstances,
including whether ML managed its business in such a way as to ensure that its
affairs were conducted in a sound and prudent manner.

7.
This is because ML has failed to comply with the regulatory requirement to submit
the Return. ML has not been open and co-operative in all its dealings with the
Authority, in that ML has failed to respond adequately to the Authority's repeated
requests for it to submit the Return, and has thereby failed to comply with
Principle 11 of the Principles and to satisfy the Authority that it is ready, willing
and organised to comply with the requirements and standards under the
regulatory system.

8.
These failures, which are significant in the context of ML’s suitability, lead the
Authority to conclude that ML has failed to manage its business in such a way as
to ensure that its affairs are conducted in a sound and prudent manner, that it is
not a fit and proper person, and that it is therefore failing to satisfy the Threshold
Conditions in relation to the regulated activities for which ML has had a
permission.

DECISION MAKER

9.
The decision which gave rise to the obligation to give this Final Notice was made
by the Regulatory Decisions Committee.

Motorhomesuk (Lincs) Limited

21 November 2016

IMPORTANT

10.
This Final Notice is given to ML in accordance with section 390(1) of the Act.

Publicity

11.
The Authority must publish such information about the matter to which this Final
Notice relates as the Authority considers appropriate. The information may be
published in such manner as the Authority considers appropriate. However, the
Authority may not publish information if such publication would, in the opinion of
the Authority, be unfair to ML or prejudicial to the interest of consumers.

12.
The Authority intends to publish such information about the matter to which this
Final Notice relates as it considers appropriate.

Authority Contact

13.
For more information concerning this matter generally, please contact Namrata
Kanzaria at the Authority (direct line: 020 7066 9026).

John Kirby
Enforcement and Market Oversight Division