Disciplinary outcome: Nicolas Grindrod
Order by consent
In the matter of
Mr Nicolas Grindrod MAAT
Membership number
267198
Date
16 January 2024
Misconduct
Nicolas Grindrod’s professional or personal conduct, was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public or was likely to undermine public confidence in the Association or its members; namely:
1.From an unknown date until on or around 03 February 2023, whilst a full member of AAT, he failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
2. From 22 April 2017 until on or around 02 February 2023, whilst a full member of AAT, he provided services to the public without holding the required level of professional indemnity insurance.
3. From an unknown date until on or around 03 February 2023, whilst a full member of AAT, he provided Independent Examination and Company Secretarial Services (TCSP) outside the scope of his licence.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
Nicolas Grindrod is hereby:
i. Fined £1,500.
ii. Severe Reprimand for a period of 2 years.
iii. Divested of FMAAT status for a period of 2 years.
Consent
Nicolas Grindrod is deemed to have agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
