01 · In plain English
What happened.
The FCA fined individual Markos Theodosi Markou £10,000 and imposed a prohibition, recorded on 10 July 2025. The Final Notice was issued after the Supreme Court refused his application to appeal the Court of Appeal judgment of 17 December 2024. The FCA found he breached Statement of Principle 1 (Integrity) in the mortgages sector—Principle 1 requires approved persons to act with integrity. The sanction was against Mr Markou personally, not a firm.
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 10 July 2025, the Financial Conduct Authority fined Markos Theodosi Markou £10,000. We issued a Final Notice following the Supreme Court’s rejection of Mr Markou's application to appeal the Court of Appeal’s judgment dated 17 December 2024. This Final Notice refers to a breach of Statement of Principle 1 (Integrity) of the Authority’s Statements of Principle and Code of Practice for Approved Persons in the Mortgages sector. We imposed a financial penalty of £10,000 and a prohibition. Source: the FCA's published list of 2025 fines. Notice:
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