FSA bans ill partner at mortgage firm

Mirza was a partner of KS Financial and became an approved person in October 2004. Despite being a partner, she had little knowledge of KS Financial's mortgage business or the firm's regulatory requirements. Mirza also had little involvement in the day to day running of the firm. During its investigation, the FSA found Mirza was absent for long periods due to illness. However, she had failed to properly delegate her significant influence responsibilities in this time. As a result of her failings, Mirza did not perform her role as a partner to the required regulatory standard. He...