Address
Naldretts
Mill Lane
Hurstpierpoint
Hassocks
West Sussex
BN6 9HL
B N 6 9 H L
UNITED KINGDOM
Green Denman & Company
Current Status: No longer authorised
Reference Number: 114948
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000Mf9sjAAB
A firm with the status of "No longer authorised" may have had its authorisation revoked by the FCA for a number of reasons, including voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. It is important to check the FCA register or contact the FCA directly to get more information about why a particular firm's authorisation status has changed.
Various reasons can contribute to non-compliance, including inadequate systems and controls, poor governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. Having proper systems in place and providing adequate training to staff can help ensure that firms adhere to applicable rules and regulations.
The Financial Conduct Authority (FCA) has taken considerable steps to address the financial mis-selling issues that have plagued the UK financial services industry in the past. Examples such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension mis-selling demonstrate the need for a robust regulatory framework and ongoing oversight by the FCA to protect consumers from mis-selling and ensure fair treatment. Despite these efforts, the risk of mis-selling persists and requires vigilance from both regulators and the industry. It is essential to remain vigilant in order to identify and address mis-selling issues across different financial products and services and ensure that consumers are adequately protected from unfair practices.
Those who have been mis-sold a financial product or service in the UK may be entitled to compensation, and should take the necessary steps to seek it. The process typically involves first contacting the firm that sold the product or service, filing a complaint with the Financial Ombudsman Service if the complaint is rejected or unsatisfactorily resolved, and filing a claim with the Financial Services Compensation Scheme if the firm is no longer in business. It is important to act promptly and consider obtaining independent advice, as there may be time limits for submitting claims.