UK Innovative TI Limited and Ian Clifford Stamp, 25 April 2018 Background The FCA exercised its own initiative powers under s.55L of the Financial Services & Markets Act 2000 (FSMA) to issue a Supervisory Notice on 27 June 2017 in respect of Stargate Capital Management Ltd (SCM) and Stargate Finance Limited (together, Stargate), which included the requirement that SCM cease acting as the investment manager of a fund called FX Perpetual. [read post]