The FSA has shut down Sharp Insurance Services for failing to submit its regulatory returns.

The regulator said in a final notice that Sharp’s permission to carry on regulated activities had been withdrawn.

Newbury-based Sharp had failed to conduct its business in compliance with proper standards.

It had also failed to co-operate with the FSA.

The FSA said Sharp had failed to submit its retail mediation activities return for the period ended 5 October 2006, despite repeated requests to do so.