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Violation Tracker UK Individual Case

Company: MBL (Business and Tax Advisers) Ltd
Company City/Town: Altrincham
Company Nation/Region: England
Penalty: £8,587
Year: 2020
Date: 16 December, 2020
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: MBL (Business and Tax Advisers) Ltd,Altrincham, has agreed to pay a regulatory charge of £8,587, which was decided by the Investment Business Committee. This was in view of the firm's admitted breach of Designated Professional Body (Investment Business) Handbook 2018 regulation 2.07d for failing to notify ICAEW of the appointments of two principals in May 2010 and March 2018 respectively, regulation 2.03b for failing to ensure that one of the principals held DPB affiliate status, and failing to comply with paragraph 12 of the Regulations governing the use of the description Chartered Accountants and ICAEW general affiliates
Action Type: agency action
Settlement Type: Investment Business Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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