The Financial Conduct Authority (FCA) has revoked the bans of Colin Bermingham, Philippe Moryoussef, Jonathan Mathew, and Christian Bittar as of October 16, 2026. This decision follows the overturning of their convictions by the Court of Appeal, which formed the basis for the FCA's previous regulatory actions.
The FCA relied on its regulatory authority under the relevant provisions concerning bans related to criminal convictions. The specific article or section was not detailed in the material provided.
This revocation applies to the four individuals named, indicating that the FCA will take no further action against them regarding the previous bans.
There is no stated deadline or transitional period related to this revocation of bans.
The FCA also announced that ePayments Systems Limited entered special administration on October 15, 2026, and Jarvis Investment Management Limited entered special administration on October 14, 2026. Mark Boast and Allister Manson of Opus Restructuring LLP were appointed as joint special administrators for ePayments Systems Limited, while Adam Stephens and Philip Hemming of S&W Partners LLP were appointed for Jarvis Investment Management Limited.