We set out to be as open and accountable as possible, so we can be scrutinised by consumers, firms and Parliament.
We also publish information about the firms and individuals we regulate.
Disclosure of interests
To be an effective regulator, it’s essential that we’re impartial and independent. That means being objective in our decision-making and never allowing our personal interests to influence those decisions.
If members of the Board and the Executive Committee declare information about positions and financial interests they hold, we publish this in:
Disclosures under the Freedom of Information Act
The Freedom of Information Act 2000 (FOIA) gives the public a right of access to recorded information held by public authorities.
Anyone can make a request for information we hold, including that of our predecessor bodies. However, FOIA also sets out exemptions from that right.
The Financial Services and Markets Act 2000 (FSMA) also imposes restrictions on disclosing information we’ve received while carrying out our duties as a regulator.
Find out more about making a freedom of information request.
Board effectiveness reviews
The Board undertook its fourth independent effectiveness review in 2021.
These reviews involve examining the Board structure, management, processes, independence and behaviour, among other factors.
While we set out to be open and transparent, we’re legally required to protect confidential information that relates to both individuals and firms.
Confidential information is information we receive in the course of our work that relates to the business or affairs of any person.
Information is not confidential if:
- it’s already lawfully publicly available
- it’s written so that the reader is unable to gather information from it about any particular person or firm, for example, collective data on a group of firms
There are some circumstances when we can disclose confidential information to others, but otherwise it’s a criminal offence. In many circumstances we can’t disclose information, even if it might be helpful to others.
When we do disclose confidential information, it continues to be confidential in the hands of the recipient. Any recipient who discloses the confidential information, unless permitted to do so by law, is committing a criminal offence. We can’t give permission to others to disclose information if the law doesn’t permit it.