2013 Disclosure Log

The aim of our Disclosure Log is to keep information that we have released under the Freedom of Information Act and which we think is of wider public interest. Find the Disclosure Log for 2013 below. 

Below is a list of some of the disclosures made under the Freedom of Information Act, which we consider to be of wider public interest, with a short summary of each document and the date it was released. To preserve the integrity of the original documents, all files are in Adobe Acrobat (PDF) format and have not been formatted for accessibility. The list will be extended as items that we consider to be of wider public interest are requested and released.

Some responses to Freedom of Information requests consist of large numbers of documents that are not held in an electronic format. Where practical, these documents have been scanned and made available electronically.

However, in certain cases the volume of material involved has made this impractical and the information can be provided in a hard copy format only. For information about how to access any such material, please call 020 7066 4406 or email us at: [email protected].

Date of release

Subject

Reference
Case Number

December 2013

  1. How many calls/emails/letters has the FSA/FCA ‘Whistleblowing Desk’ received in the following financial years 2008-9, 2009-10, 2010-11, 2011-12, 2012-13 and the 2013-14 financial year so far?
  2. Do you categorise the whistleblowing incidents (progressed by the FSA/FCA) by type of issue raised?  If so could we have a breakdown for the following financial years 2008-9, 2009-10, 2010-11, 2011-12, 2012-13 and the 2013-14 financial year so far?
FOI3191

December 2013

  1. How many warrants to enter and search business premises has the FCA applied for over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  2. How many warrants to enter and search residential premises has the FCA applied for over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  3. How many applications for warrants to enter and search business premises has the FCA been refused over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  4. How many applications for warrants to enter and search residential premises has the FCA been refused over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  5. How many searches of business premises has the FCA conducted over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  6. How many searches of residential premises has the FCA conducted over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  7. How many prosecutions has the FCA commenced over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?
  8. How many convictions has the FCA secured over the last five calendar years (please provide a breakdown per year, and for the first three quarters of 2013)?

FOI3204

November 2013

  1. I would like to know which external law companies the FCA has worked with or hired over the last six months in order to assist with or carry out regulatory investigations?
  2. I would like to know the names of the law firms and the fees paid to them.

FOI3190

November 2013

  1. As this information is not available via the Annual Report, please could you provide me with the figures since FCA inception per below
    Part IV Permissions

    1. How many applications for Part 4 permissions has the FCA received in the 2013-14 financial year to date?
    2. Of these, how many applications where granted and how many were declined during the 2013- 14 financial year to date?
    3. How many Part 4 permissions has the FCA withdrawn in the 2013-14  financial year to date?
    4. Following the initial receipt of a Part IV Permission application, on average how long does it take the FCA to gather the required information to officially start the Part IV Permission approval process? Please could you provide me with the figures for the 2013-14 financial year to date.
    5. On average how many weeks did it take for a Part 4 permission application to be processed once all the appropriate info had been received? Please could you provide me with the figures for the 2013-14 financial year to date.”

FOI3197

October 2013

  1. [The] FCA regulates 26,000 firms, 23,000 of which it is the sole regulator.  How many (or what percentage) of these firms are relationship managed?
    Approximately 860 firms are relationship managed, which are now classified as ‘fixed portfolio’ firms.

  2. How many firms who used to have a relationship manager/named supervisor prior to legal cut over, continue to have a relationship manager?

    As above.

  3. How many firms no longer have a relationship manager?

FOI3125

October 2013

For each year from 2001 to the present day, I'd like to request the names of each company authorised by the FSA/FCA to provide advice on interest rate swap agreements.

For the sake of clarity, I'd like, if possible, showing all the companies that were FSA/FCA authorised in each calendar year.

FOI3126

October 2013

I would like to know how many cases the Financial Conduct Authority and the Financial Services Authority before it have handled with regard to the use of private investigators by insurance companies.

My questions are:

  1. How many complaints did the regulator receive about insurance companies using private investigators in the years 2012, 2011, 2010 and 2009, as well as in the first six months of 2013?
  2. How much money has been spent on the FSA investigation on the use of private investigators?
  3. How many meetings did the regulator have with insurance companies around this issue before the investigation began?
  4. How many meetings with insurance companies have taken place since it began?

FOI3137

October 2013

As a continuation of FOI1939 found here (http://www.fsa.gov.uk/pubs/foi/foi_1939.pdf) I would like a breakdown of figures for Suspicious Transaction Reports filed to the FCA (FSA) from January 2011 up to and including August 2013, with figures broken down on a month by month basis.

  1. As in FOI1939 I would like the STRs subdivided by the following categories: misuse of info; false / misleading; and distortion / manipulation.

I would also like:

  1. A breakdown of figures for Suspicious Transaction Reports filed to the FCA (FSA) for the last three complete years (2010, 2011, 2012) and up to and including August 2013, subdivided by the reasons for suspecting that the transactions(s) might constitute insider dealing / market manipulation, with figures broken down on an annual basis?
  2. If you are unable to provide (2) or then please provide a breakdown of figures for Suspicious Transaction Reports filed to the FCA (FSA) for the last three complete years (2010, 2011, 2012) and up to and including August 2013 subdivided by capacity (eg broker, underwriter, agent etc) in which the person performing the transaction(s) acts with figures broken down on an annual basis.”

FOI3138

September 2013
  1. ‘Any written memoranda of understanding/ written agreements between the FCA and UK domestic regulators and enforcement bodies regarding the sharing of information and or intelligence and or information obtained by a whistleblowing disclosure (as available).
  2. Any written policies, procedures, guidance regarding (1) above.
  3. Any written memoranda of understanding/ written agreements between the FCA and foreign regulators and enforcement bodies regarding the sharing of information and or intelligence or information obtained by a whistleblowing disclosure (as available).
  4. Any written policies, procedures, guidance regarding (3) above.
  5. Any written policies, procedures, guidance regarding co-operation with foreign regulators and or enforcement bodies.
  6. The number of whistleblowing disclosures received by the FCA since it began operating.
  7. The number of whistleblowing disclosures referred by the FCA to a foreign regulator or enforcement body, the name and home jurisdiction of the regulator concerned and a brief description of the concern (matter at issue).
  8. Whether whistleblowing concerns/ information obtained by whistleblowers is tracked/ monitored once it has been referred to a foreign regulator or enforcement body.’

FOI3088

September 2013

  1. “How much is the FCA's art collection valued at?
  2. Over the last five calendar years, how has the value of art purchased by the FCA/FSA changed?  If stating that it went up or down by a particular amount, please quote this figure as a monetary value and as a percentage change?”

FOI3104

August 2013

“How much money was spent on the recent research undertaken by NMG with regards to how effectively (or otherwise) intermediaries are communicating their charges to consumers?”

FOI3086

August 2013

" I'm interested in the number of financial promotions that the FSA/ FCA have been withdrawing or amending.

The FSA released this information to September 2012:http://www.fsa.gov.uk/static/pubs/foi/foi2705.pdf

I would like the same information on a monthly basis from October 1 2012 up to and including the most recent month possible."

FOI3068

August 2013

  1. “How many companies are registered on the FCA register?
  2. How many individuals are registered on the FCA register?
  3. How many FCA Final Notices against companies were made in 2012?
  4. How many FCA Final Notices against individuals were made in 2012?
  5. Do the FCA maintain a database of individuals and companies that have received Final Notices? If so how many years does this database cover?”

FOI3064

August 2013

“Requests for assistance from foreign enforcement agencies, received via the FCA's International Requests inbox and in particular how many requests did the FCA receive from US enforcement agencies - between 1st January 2006 - 31st December 2012”.

FOI3055

August 2013

“Remuneration Code / Amendments to Senior Management Arrangements, Systems and Controls Sourcebook:

We are interested in identifying how the FCA monitors whether firms are taking into account their statutory duties in relation to equal pay and discrimination (particularly sex discrimination) . . .

  1. Having regard to 19.2.2(3) of the Code and the fact that the policing of this is under the FCA's remit, what actions have been taken by the FCA in relation to this part of the Code bearing in mind the FCA's public sector equality duty?
  2. Having regard to the Code's mandatory requirement on firms to collate and provide information on high earners, please advise:
    • a) How do you require these to be provided?
    • b) Do you require it to be provided by reference to gender?
    • c) How is it collated?
    • d Is it collated by reference to gender?
    • e) What is the definition of high earner or what guidance is provided to firms in providing this information?
  3. With regard to collating that information by gender, if the FCA are not collating that information by gender, please explain why?
  4. With regard to collating that information by gender, if the FCA are collating that information by gender, please advise:
    • f) The number of firms who have provided information on high earners;
    • g) The number of firms providing that information by gender;
    • h) The number of female high earners and the number of male high earners that have been reported;
    • i)  The percentage number of high earning women as regards the percentage number of high earning men.
  5. Insofar as the FCA have collated high earners information by gender, what are the actions that FCA have taken or propose to take in respect of that information?”

FOI3051

August 2013

“In respect of the 2012 Retail Investments Product Sales Data Trend report, Table 4 (Self Invested Personal Pensions) -  can you please provide a breakdown for each quarter since 2007 Q3 (when you commenced collecting SIPP stats) showing:

  • How many SIPP providers provided sales data in each quarter
  • The number of SIPPs sold in each quarter
  • The proportion of total sales by the top 5 SIPP providers in that quarter”

FOI3048

August 2013

“The FCA (and its predecessor the FSA) has prosecuted three men - Steven Graham, Tim Whiston and John Whelan - at Southwark Crown Court (R v Graham & others).  There have been two trials (one in 2012 and one in 2013).

We request information in respect of the cost incurred by the FCA in respect of this case to (to include the investigation from 2006 to 2009 and the cost of the proceedings themselves since 2009 (when the defendants were charged) to date - including expert costs, counsel's costs, witnesses costs etc).”

FOI3042

August 2013

“In relation to the Summary Board Meeting minutes of the FSA dated 28 July 2011: 

The information I am looking for is in respect of the item in these minutes titled ‘Unregulated Collective Investment Schemes’.

This item refers to a ‘Report’ that was considered by the Board.  I would like to know the contents of that Report i.e. have a copy of it.

I am particularly interested in knowing more about the subject-matter of the 2nd bullet point: “there was some concern about the current selling practices and the descriptions of exemptions in the rules, and that this could be made clearer.”

FOI3043

July 2013

“I am interested in the number of interviews the FSA and the FCA have conducted for Significant Influence Function applicants, broken down by sector (e.g. banks, hedge funds, insurance, etc).  Alternatively please provide these sectors using the FSA/FCA's own categorisation.

I would like the information on an annual basis to the year end March 31st, starting from April 1st 2009 and including the year to March 31st 2013.

If possible within the time and cost limits permitted under FOIA, it would be interesting to know how many of the applications were:

  • approved?
  • withdrawn?
  • refused?”

On the 5 July 2013 the request was refined as follows:

“I can confirm that I'd like the information I requested from 1 September 2009.”

FOI3022

July 2013

  1. “Please provide the number of Suspicious Transaction Reports made to the FCA on a monthly basis since 1 April 2013.
  2. Please provide the number of Suspicious Transaction Reports made to the FSA, by month, from August 2012 to March 2013 (inclusive).”

FOI3027

July 2013

“Please supply the number of incoming calls handled by you and the ESA, specifically regarding rare earth metals and carbon credits, for the past 12 months. From 01/06/2012 to the current date.”

FOI3010

July 2013

“I would be grateful if you could disclose, in connection with RBS, Lloyds TSB, Northern Rock , and Bradford & Bingley:

  1. Details of insurance company/ies (the one that covers against possible claims for negligence against RBS and its staff) since 2008
  2. Details of DOI (Directors and Officers) insurance policies contracted by the banks for members its staff, or contracted by staff members for themselves.
  3. Names of CEOs who have worked for the banks from 2008 to the current date.”

On 18 June 2013 this was clarified as follows:

“….no, I don’t mean employers liability insurance, but professional indemnity insurance or similar insurance that covers the risk of legal action from third parties, not from employees.”

FOI2993

June 2013

“For the calendar years 2011, 2012 and 2013 (to date):

a) What were/are the total number of applications to be a Payment Institution?

Within the total number of applications to be a Payment Institution in each calendar year:

b) What were the total number that were successful?
c) How many applications were ‘approved to be successful in less than 3 months?
d) How many applications were ‘approved’ to be successful in over 6 months?

Within the total number of applications to be a Payment Institution in each calendar year:

e) How many applications were ‘rejected’ in less than 3 months?
f) How many applications were ‘rejected’ in over 6 months?

g) As of to-date 2013, how many applications to be a Payment Institution remain outstanding or in-progress?

If possible without too much additional burden, can the above questions a) through to g) be answered with regard to applications to be a Small Payment Institution?”

FOI3009

June 2013

A full list of firms within the Financial Services Compensation Scheme’s investment intermediary subclass from the year 2011/12 and 2012/13.

FOI3002

Information released 1

Information released 2

June 2013

“Details of your insurance company (the one that covers against possible claims for negligence against your organisation and its staff).

Details of DOI (Directors and Officers) insurance policies contracted by your organisation for members its staff, or contracted by staff members for themselves.”

FOI2994

June 2013

"I would like to know how much the FCA spent developing and coming up with its branding."

FOI2986

June 2013

1) How many calls to the whistleblower hotline / emails to the whistleblower address has the FSA (FCA) received (broken down by year, every year since the hotline was set up)?

2) What five companies have been the subject of the most calls to the FSA's whistleblower hotline / emails to the whistleblower address since it was set up (and how many calls and emails have been received for each of those companies since the hotline began)?

3) Has the FSA ever received a call/email about the manipulation of Libor or related interest rate benchmarks to its whistleblower service? If so, when and how many?

4) Has the FSA ever received a call/email about the mis-selling of PPI to its whistleblower service? If so, when and how many?

5) Has the FSA ever received a call/email about the mis-selling of interest-rate swaps to its whistleblower service? If so, when and how many?

6) How many calls/emails has the FSA received about insider trading to its whistleblower service (broken down by year, every year since the hotline was set up)?

7) How many FSA/FCA employees work on answering calls to the whistleblower hotline on a normal day?

 

FOI2967

May 2013

1. “… the number of financial advisers and mortgage brokers, individuals or firms, currently under FCA investigation?”;

2. “… the broker and adviser numbers separately”?;

3. “… the reason they are being investigated?”;

4. “… the names of those under investigation?”.

FOI2961

May 2013

“I was wondering if the FCA had any data (approximate would suffice) which sets out the % of authorised firms which:

a) have discretionary investment authorisation;
b) have chartered status;
c) which have both a and b.”

FOI2959

May 2013

'...how many UK regulated banks have applied for the IMD passport'.

FOI2957

May 2013

"I would be most grateful if you can confirm the costs incurred to create and establish the brand identity of the FCA up to its April launch.
This should ideally relate to the creative, design and production costs. In particular we would request details of the cost of the logo design, the website design and build, the rulebook and all stationary costs to facilitate the creation and launch of the FCA in April."

FOI2952

May 2013

“would you please let me have information which I requested in point 3.1(3) of my revised request i.e. all the information contained in the FSA’s feedback letter to Keydata on its review (i.e. the 2007 Keydata Product Provider Review)”.

FOI2948

 

May 2013

“How many requests for an FSCS rebate have been made in relation to the 2010/11 levy?

Can you please break these down by the type of firm, e.g., investment manager, fund manager etc.

If any requests have been made, how many have been approved?

What is the total sum of these requests, both applications received and approved?”

On the 15 April 2013 you clarified your request as follows:

“I would like information about rebates in relation to the additional interim levy.”

FOI2902

May 2013

“. . . please supply me with the individual years – over the last 30 – that the Battersea Club . . . failed to return as I understand it, their statutory returns under the said Government Act and the name of the Chief Executive who was responsible for non-prosecution, in each year.”

FOI2942

April 2013

‘I request FSA provide me with information pertaining to the FSA's authorisation of the sale of Northern Rock Asset Management (NRAM) mortgages to Papilio UK Equity Release Mortgages Limited (JP Morgan) (Papilio).

Please provide the following information:

(i) The date on which the FSA authorised the sale of NRAM mortgages to Papilio? And the precise dates of the sale and subsequent complete transfer of accounts to Papilio?

(ii) The details setting out the reasons the FSA did not require JP Morgan (Papilio) to obtain a licence to operate the mortgage account of UK mortgage account holders, and thus did not issue a licence to operate the mortgage accounts (resulting in all Regulatory Protection being removed from UK account holders)?

(iii) The details setting out the reasons the FSA authorised the sale of Northern Rock mortgage accounts to JP Morgan (Papilio) in light of the sale resulting in significant changes (detriments) to the terms on which the mortgages were initially taken out?’

FOI2897

 

April 2013

“I would like to see all correspondence with HMT ministers and officials and notes of communications with same on matters relating to the sale of derivatives to SMEs and copies of notes and other documents, whether in written, digital or handwritten form, covering such communication and preparation for or response to such communication. My request relates to the period 1st September 2012 up to today's date [29 January 2013]”

FOI2852

April 2013

“I request the following information in relation to the granting of waivers.

  1. How many applied for?
  2. How many granted?
  3. How many withdrawn?
  4. How many refused?
  5. Split of granted between, deaths, carers, illness?
  6. Split of refused between deaths, carers and illness?
  7. Split of withdrawn between deaths, carers and illness?
  8. How many Networks granted waivers and how many?
  9. How many banks granted waivers and how many?
  10. How many SME IFA's granted waivers and how many?
  11. How many sole trader IFA's granted waivers and how many?”

 

FOI2891

April 2013

“1) I would like some information on how many applications for the cancellation of permission the FSA received, from January 1st 2007 – 31st December 2012. Please provide this information on a quarterly basis or, if that is not possible within the FOIA time and cost limits, please provide it on an annual basis.

2) If possible, I would also like to know what proportion of these applications were from businessesand what proportion were from individuals?”

On the 19/03/2013 we requested clarification of your request as follows:

“1)   When you refer to the ‘cancellation of a permission’, do you mean:

  1. The removal of a permission (i.e. a variation of a permission), or
  2. The full cancellation of a firm of individual? For example where the firm or individual would no longer be authorised by the FSA?

2)   When you refer to the ‘proportion’ of businesses and individuals, do you mean how many applications were received in total from firms and separately how many applications were received in received in total from in from individuals between 01/01/2007 – 31/12/2012?”

On 21/03/2013 you confirmed that you were interested in the following:

“In clarification of my request, on point 1 (meaning of ‘cancellation of permission’), I mean the full cancellation of a firm or individual (i.e “b” in your email).

On point 2 (the ‘proportion’ of businesses and individuals), you are correct. If there is sufficient time for you to provide the information, I would like separate figures for businesses (firms) and individuals (applications in total received between 01/01/2007 – 31/12/2012).”

FOI2910

April 2013

“…the disclosure of any material you hold in relation to the Cyber Security government review referred to below (e.g. checklist/documents setting out the scope, purpose or framework of the review/documents setting out areas covered by the review).

The request does not include: (a) the names of the 30 firms; or (b) any information provided by those firms about their Cyber Security measures.”

FOI2914

April 2013

the “. . . proportion of FSA ARROW visits from January 1st 2009 – December 31st 2012 [that] found weaknesses in the target business’s anti-money laundering practices.”

FOI2899

April 2013

“1. What is the actual, annual costs for the maintenance / upkeep of the FSA Register? By this, I am seeking information on the Information Technology budget set aside in this regard e.g. on a yearly basis, how much does it cost the FSA to run the Register (before fees obviously offset this cost)? An indication of these costs per annum since 2008 would be great.

2. What is the number of FSA staff solely deployed on the maintenance / upkeep of the Register? Again, confirmation of these numbers since 2008 would be appreciated.

3. What are the actual, annual costs in relation to FSA staff / resource required to maintain the Register? As previous, an indication of these costs over the last 5 years would be useful.”

FOI2937

April 2013

“Pursuant to the Freedom of Information Act 2000, I was hoping that you could also provide me with some information on the MOUs that the FSA (and - prior to 1998 - the Bank of England) has signed with other banking supervisors.

I was hoping that you could provide me with a complete list of the bilateral banking supervision MOUs that the FSA (and before 1998 the Bank of England) has signed in the area of banking supervision…I would require information on the year in which the MOU was signed and the name of the foreign supervisory authority. (I should add that the types of MOUs I am interested in are only bilateral MOUs on general co-operation and information-sharing with foreign bank supervisors. I do not require information on co-operation and co-ordination agreements for the supervision of cross-border banking groups, on multilateral MOUs, or on insurance and securities MOUs.)”

FOI2950

April 2013

“I would be grateful if you could email me copies of any summaries or notes from the round tables referred to in Annex 8 of the ‘Review of requirements for firms entering into or expanding in the banking sector.’”

FOI2933

 

April 2013

“In view of the recent gaoling for 5 years of a robber who stole £1.5m, I am interested in the progress in the penalties being applied to those who carried out the multi-billion PPI fraud.

Part of your responsibilities is the management and policing of the UK financial system. Please let me know how many directors, salesmen, etc. involved in the mis-selling PPI conspiracy have been convicted, and your estimate of the total number who will end up with custodial sentences . . .”

FOI2934

April 2013

"1)  Which of the NDFA Lehman-backed brochures did the FSA examine as part of their review. 
2)  What did the FSA conclude regarding the compliance of each brochure examined under COBS rules and FSA Principles? 
3)  Did the FSA look at the invitation letter (copy attached) and reach a conclusion regarding the suitability as an approach to potential investors?  In particular did the FSA consider the statement that "Your capital is ONLY at risk if the FTSE 100 Index or Dow Jones EURO STOXX 50 fall by more than 50% from the Starting Index Levels" in relation to it being a false statement of inducement as per the Misrepresentation Act?"

 

FOI2795 – initial response

FOI2795 – internal review response