Adviser banned for failing to submit RMAR

It said Simon Wood, trading as Wood Associates Independent Financial Services, failed to respond to the its repeated requests for him to submit the RMAR. As a result, it said Tunbridge Wells-based Wood failed to comply with Principle 11 of the FSA's Principles for Businesses and to satisfy the FSA that he is "ready, willing and organised to comply with the requirements and standards under the regulatory system". The regulator's final notice for Wood reads: "These failures, which are significant in the context of Mr Wood's suitability, lead the FSA to conclude that Mr Wood is not condu...