The UK Financial Conduct Authority (FCA) has decided to make an order prohibiting Andrew Currie from performing any function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional firm, pursuant to s56 of the Act.

The prohibition order took effect on June 15, 2026.

On 22 May 2023, Andrew Currie was convicted at Southwark Crown Court for the following offences: fraud by abuse of position and converting criminal property. For these offences, on 14 July 2023, Andrew Currie was sentenced to a total of 2 years and 6 months imprisonment.

In addition, he was disqualified from acting as a director by way of a Court Order, pursuant to section 2 of the Company Directors Disqualification Act 1986, for a period of 10 years, until 14 July 2033.

The offences related to his conduct while a director of Collateral (UK) Limited which did not hold any permission from the Authority to conduct regulated activities. However, the entry on the Authority’s IP Register of another company, Regal Pawnbroker Limited, which held an interim permission from the Authority, was amended by Andrew Currie’s brother, Peter Currie, to make it appear that Collateral held the interim permission.

After the Authority identified that the IP Register had been changed in October 2017, Andrew Currie acted as the driving force behind the removal of funds from Collateral shortly before it entered into administration. This removal of funds was to the detriment of investors.

The FCA has determined that Andrew Currie is not a fit and proper person to perform any function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional firm.

The regulator notes that Andrew Currie’s conviction and disqualification from acting as a director demonstrates a clear and serious lack of honesty and integrity such that he is not fit and proper to perform regulated activities.

In concluding that it is appropriate to impose the prohibition order, the Authority has had regard to all relevant circumstances, including the relevance and materiality of the offence, and the severity of the risk posed by Andrew Currie to consumers and to confidence in the UK financial system.

The Authority considers that it is appropriate to take this action to advance its consumer protection and integrity objectives.