Cabot Financial UK Ltd

[mystery1]

Re: Cabot Financial UK Ltd

There more from the FCA but I'll leave that for now.

Why ? There are loads of people keeping an eye on this as they have court claims. Whether the info is good or bad it'll help them understand things if they are faced with the same arguments in court if they are aired well in advance.

Bullshit baffles brains so it's bound to baffle Judges and a terrified LIP. Give them a chance.

M1

[nemesis45]

Re: Cabot Financial UK Ltd

utter bolllllllocks,

A) Hicks v Walker and Reynolds makes it clear you cant use an agent to avoid licence laws
B) Cabot UK are the owner of the debt, thus they are the creditor within the meaning given in s21 and s189 CCA. Thus they must be authorised as this cannot be avoided.

Ahh the FCA talks ******** then!!

Questions were asked and I decided to find out what the situation is exactly I believe what the person at the FCA has quoted is directly from it's web site.

Nobody else has bothered to find out !
There more from the FCA but I'll leave that for now.

[pt2537]

Re: Cabot Financial UK Ltd

Further to the numerous queries on the validity of Cabot Court Claims.
I have been advised that:
A firm may operate as an " Authorised Representative" in an arrangement
with an " Authorised Firm" ( The Parent Company) to act as an Authorised
Representative before the end of the application period.
I have now asked if this is the case with Cabot Financial UK Ltd and if the
claims issued prior to the Company's Interim Permissions Lapsing.
My feeling at present is that this is what is happening

nem

utter bolllllllocks,

A) Hicks v Walker and Reynolds makes it clear you cant use an agent to avoid licence laws
B) Cabot UK are the owner of the debt, thus they are the creditor within the meaning given in s21 and s189 CCA. Thus they must be authorised as this cannot be avoided.

[mystery1]

Re: Cabot Financial UK Ltd

Somehow I always suspected that may be the case, can't believe a company like that would leave themselves wide open without having some sort of safety net in place. :ohwell:

If they are only a representative then do they have locus standi ?

M1

[nemesis45]

Re: Cabot Financial UK Ltd

Representative, so not the legal owner then ?

M1

Key word MI **Authorised** Representative" I have another e-mail from the
FCA this evening which I wont deal with tonight as I have just been informed
my eldest son has been diagnosed with a major heart problem.

nem

[FlamingParrot]

Re: Cabot Financial UK Ltd

Somehow I always suspected that may be the case, can't believe a company like that would leave themselves wide open without having some sort of safety net in place. :ohwell:

[mystery1]

Re: Cabot Financial UK Ltd

Representative, so not the legal owner then ?

M1