2021 Disclosure Log

Disclosure of meetings with Mr Alexander Greensill.

In response to several requests, the FCA can confirm its executive directors and or directors met representatives of Greensill on 3 occasions. 

On 12 September 2019, Jonathan Davidson, then Executive Director of Supervision, Retail and Authorisations met Mr Alexander Greensill and Mr Maurice Thompson, respectively Chief Executive and Chair of Greensill Capital UK. The meeting was to discuss Greensill Capital’s operations in the UK.  

On 12 February 2020, Jonathan Davidson ran into Mr Maurice Thompson while on other business. Mr Thompson informed Mr Davidson that Greensill would shortly announce an Employee Salary Advance Scheme for NHS staff. 

On 5 March 2021, Christopher Woolard, then leading a review of change and innovation in the unsecured credit market for the FCA’s Board met Mr Alexander Greensill. This meeting was part of the evidence gathering for the review, which was published on 1 February 2021. 

The 2 arranged meetings were set up directly with Greensill Capital, and not through advisers.  

I would like to know how:
- How many firms in the UK are authorised to provide retail investment advice
- How many individuals in the UK are authorised to provide retail investment advice
- And how many of those individuals authorised to provide retail investment advice fall into each of the following age categories: Under 25, 25-30, 30-40, 40-50, 50-60, Over 60

I would be happy with data up to a year old if current data is not immediately available.

1. How many work hours have the FCA spent on their investigation into PFX? As Administrators/Liquidators are required to account for their hours (although sadly not their value) and publish them to claimants, then it seems correct that the FCA do likewise.  As part of a previous complaint re the 'priority' that FCA gave this case, then this is a question that I respectfully request is answered.  

2. Equally, if objections/and requests for review received by the FCA following your communication of 23 February lead to a further review, how many person hours per month are going to be budgeted for this?  I ask this as there have been questions over priority by FCA in this case (eg FCA have always stated this is a £10M matter (suggesting below radar of yourselves and Action Fraud an there are obvious questions about the enthusiasm within the FCA of pursuing this situation) but as FCA have identified themselves that this relates to a company that turned over £1.6.6 BN during the FCA's own defined 'period under review' an answer to budgeted hours (I guess even with FCA there must be some budgetary process) would help consumers understand how much emphasis or attention FCA provides in such matters.  

3. How many hours have the FCA used of Administrators'/Liquidators time (ie creditor funds) to provide information FCA could be perceived to be for responsible in establishing (I appreciate this question may be difficult to answer so I shall be asking the same question of both other parties).  The timesheets for Menzies relating to FCA appear to be considerable, and their Forensic Report (as per the first Witness Statement of Matthew Haddow to the HCJ) intimates considerable work done that should have been undertaken by the FCA.

Indeed, it is clear from Mr Haddow's report that information FCA or their appointed Administrators were in possession of information that was not passed in a timely or indeed complete matter (eg Cymonz, reports with missing pages that have not been provided with no explanations as to why, incomplete bank account information etc), leaving an impression that the objective of FCA and their appointed Administrators was to hamper not help  any chances of claimants recovering funds.  And thus against the interests of the consumers in this matter. 
4. There is very little reference to Barclays in the Notice other than to:

(a) confirm Barclays agreed for GCS monies to go through PFX after the former's relation was terminated by Barclays (which somewhat questions the 'segregated' account concept) and 
(b) confirm that the living Directors informed Barclays that they had ceased trading and as per the attached Appendix, with no further explanation, further questions have to be asked as to the validity of that claim and indeed evidence of the response from Barclays.  
It seems odd therefore that in a Report of this nature, where Barclays, albeit a funder of the FCA, seemed to have played a pivotal role in the success or otherwise of PFX that it only merits such minimal mention (other than general references to accounts).  
Perhaps the FCA could confirm or otherwise whether:
(a) Barclays had a copy of the Final Notice before publication 
(b) Whether they requested redactions of the draft FCA Final Notice and
(c) exactly what investigations the FCA have undertaken in terms of Barclays' handling of the PFX accounts.

5. What are the performance measures / accountability matrices of the FCA in general and our role as an individual in terms of its effectiveness or not to the parties it is supposed to serve ie those who fund your organisation and those who are supposed to be protected by it ?

Could you please list in chronological order all external individuals and organisations (and the representatives thereof) that Rob Gruppetta met with, either in person or virtually in his role as the Head of CMC Department between:

- January - June 2020 (inclusive)
- July - December 2020 (inclusive)
- 1 January 2021 to April 21 2021 (inclusive)

I would like to the following information for calendar years 2019 and 2020 :

1)  How many whistleblowing reports/notifications did the FCA receive?
2)  How many of these reports/notifications led to investigations?
3)  How many of these reports/notifications resulted in no further action?
4)  Please breakdown the nature of the notifications (FCA internal categories - such as conduct and culture/systems & controls/etc)?
5)  How many reports were about whistleblowing champions?
6)  How many whistleblowing champions are under investigation? 
7)  How many FTE work in the FCA whistleblowing team?

(Please consider that FCA has provided information requested at 5,6,7 in past FOI requests) 

How many times did the FCA had to put out a warning of fake versions of its register or website between 31 March 2016 and 31 March 2021.

Please provide the figures for each category (register or website) for each month of the indicated period. 

If it is not possible to provide the information requested due to the information exceeding the cost of compliance limits identified in Section 12, please provide help and assistance, under your Section 16 obligations, as to how I can refine my request to be included in the scope of the Act.

In any case, if you can identify ways that my request could be refined please provide further advice and assistance to indicate this.

This request relates to complaints received by the FCA under its Complaints Scheme (https://www.fca.org.uk/publication/corporate/complaints-scheme.pdf).

Of the complaints received in 2020:

1)  What proportion were investigated, and the complainants provided with the FCA's response, within 28 days of receipt?
2)  What proportion were deferred on grounds outlined in section 3.7 of the Scheme rules?

Of the complaints for which the FCA provided its responses to complainants in 2020:

3)  What was the mean number of days that passed between receipt by the FCA of the complaint and by the complainant of the FCA's responses?

Finally:

4)  How many complaints are currently awaiting FCA responses, and how many of those were received more than 28 days ago?

I am requesting the following information on the following companies:

Silverpoint Vacations SL Company Registration A38101416, Avda, Antonio Dominguez, 5, C.C. Zentral Centre, Locales 8 a 10, Playa Des Las Americas, 38660 Arona, Tenerife - Formally known as Tensel SL

HMC Finance Solutions: Company Registration Number 04990388, Lakeview House, 4 Woodbridge Crescent, Billericay, Essex, CM12 0EQ

HMC funding is a trading style of Business Brokers Limited

Were these companies authorised to broker loan agreements for the following finance companies by the FCA or the OFT and what dates were the authorisations granted:

Barclays Partner Finance (Clydesdale Financial Services) 

I am seeking further information on your investigation into insider trading. Please provide the following information:  
  
1. How many investigations into insider trading/market abuse did the FCA open between 2020 and 2021 - please provide a monthly breakdown 
2.  How many of these investigations were open for longer than 6 months
3. How many insider trading/market abuse investigations are still open?

In reference to a previous FOI (ref: FOI7856), I would like to know the following:

• The total number of Pure Protection Contract sales by life insurers as reported in submissions by FCA regulated firms made to Gabriel 
• The total value of premium amounts from Pure Protection Contract sales by life insurers as reported in submissions by FCA regulated firms made to Gabriel 

Please provide this data broken down by age group, for those born in:
• 1946 –1964
• 1965 –1980
• 1981 – 1996
• 1997 or later

Please provide this data with a year-end of March 31 for each of the last five years. If that is not possible, please provide this data for each of the last three years. If that is not possible, please provide this data for each of the last two years. 

I have been reading the PPI final deadline report on the FCA website (https://www.fca.org.uk/publication/ppi/payment-protection-insurance-complaints-deadline-final-report.pdf).

There is a chart on Annex E titled 'Monthly PPI complaints before and during campaign'.

My request is whether I could have the raw data behind this chart i.e. the numbers of PPI complaints from Jan 2017 to Aug 2019.

I would like to like to know the number and the total value of mortgage sales for a residential property purchase for the period from Q1 2013 to the most recent quarter you have.  The data should include only new sales.

I would like the data broken down by postcode district and split out by purpose of loan for the MLAR data (First-time buyers/buy-to-let/other) and for the PSD data (First-time buyers, home movers, right to buy, remortgagors/not known/other)

Example Format for MLAR data (regulated and unregulated loans together): 
Quarter | Postcode Sector │ First-time buyers│ buy-to-let │ other │ Total sales 
Quarter| Postcode Sector │ First-time buyers│ buy-to-let │ other │ Total value 

Example Format for PSD data: 
Quarter | Postcode Sector │ First-time buyers | home movers | right to buy | remortgagors |not known |other | Total sales 
Quarter | Postcode Sector │ First-time buyers | home movers | right to buy | remortgagors |not known |other | Total value 

Could you please provide an explanation of what the category "other" represents in both datasets?

Looking exclusively at firms applying for permission to trade as a general insurance broker, by this I mean selling non-investment insurance contracts:

What was the average* time taken by the Financial Conduct Authority to give a decision in 2019 (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2019 when the outcome was approval (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2019 when the outcome was a rejection (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2020 (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2020 when the outcome was approval (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2020 when the outcome was a rejection (including for firms that had applied before the year started)
What has been the average* time taken by the Financial Conduct Authority to give a decision in 2021 up to and including 31 March (including for firms that had applied before the year started)?

What has been the average* time taken by the Financial Conduct Authority to give a decision in 2021 up to and including 31 March when the outcome was approval (including for firms that had applied before the year started)?

What was the average* time taken by the Financial Conduct Authority to give a decision in 2021 up to and including 31 March when the outcome was a rejection (including for firms that had applied before the year started)?

*If possible I would like the average in each instance to be both median and mean, however understand if only one is possible, and time to be measured in either days or weeks.

Using the same data, still looking exclusively at firms applying for permission to trade as a general insurance broker, by this I mean selling non-investment insurance contracts, and still including firms that had applied before the year started in which the decision was made:

How many applications by firms were approved by the Financial Conduct Authority in 2019? And what is the breakdown of this figure for each month?

How many applications by firms were approved by the Financial Conduct Authority in 2020? And what is the breakdown of this figure for each month?

How many applications by firms have been approved by the Financial Conduct Authority in 2021 up to an including 31 March? And what is the breakdown of this figure for each month?

How many applications by firms were rejected by the Financial Conduct Authority in 2019? And what is the breakdown of this figure for each month?

How many applications by firms were rejected by the Financial Conduct Authority in 2020? And what is the breakdown of this figure for each month?

How many applications by firms have been rejected by the Financial Conduct Authority in 2021 up to an including 31 March? And what is the breakdown of this figure for each month?

1. The number of cases where the FCA have imposed an Own – initiative powers requirement or variation of permissions (OIREQ or OIVOP) from October 2018 to March 2021; and how many of those OIREQ or OIVOP resulted in Enforcement investigations. 

2. Please may I have the figures of new insider dealing or market abuse offence cases opened by FCA Enforcement per month from June 2020 to March 2021.

3. Please can you identify the number of ongoing FCA Enforcement investigation cases and in how many has there been some impact on accessing certain documents and witnesses during the pandemic ( from 31 January 2020 to date)'

Complaints data for year 2020 as supplied in FOI7927 has added three new classifications of complaint:  Staff conduct – bias/bad faith;  Staff conduct – inappropriate;  Staff conduct – communication.  Number of complaints in each category is 1, 1, 2. 

Question

1)  Have these complaints been resolved?  If yes, what was the outcome? (i.e.  what action was taken against the FCA employee in each case);
2)  What level with in the FCA was the staff member/s concerned?

I would also like a copy of the FCA policy for handling and processing such external complaints made against staff and to know if this differs from internally raised complaints against FCA staff for conduct violations. 

How much did the Financial Conduct Authority spend on legal fees for the business interruption test case between 31 March 2020 and 31 March 2021?

Clarified Request - 29/03/2021

• New mtge origination – Number and volume in GBP of new mortgages approved 
• New buildings coming to market – we believe you may be referring to statistics on new homes built in the UK, please confirm this is correct. Correct
• Stamp Duty – we believe you may be referring to statistics on stamp duty payments by property purchasers in the UK, please confirm this is correct. Correct. I'd like what stamp duty rate was in 
         place and how much has been paid.
• BOE Interest Rates – we believe you may be referring to the official Bank Rate set by the Bank of England, please confirm this is correct. Correct
• Population - we believe you may be referring to UK population statistics, please confirm this is correct. Correct. If split by age groups it would be better so I can understand the population of 
        potential home buyers.
• Employment - we believe you may be referring to UK employment statistics, please confirm this is correct. Employed/Unemployed by quarter
• Property Prices - we believe you may be referring to property price statistics based on all UK properties, please confirm this is correct.  Correct. Ideally the geographical split would be the same for 
        "New mtge origination", "New Buildings coming to market" and all the data where this is applicable. If this data is not available, it would be ok to have split by regions (rather than municipality). 

Original Request - 11/03/2021
Data points regarding the UK mortgage markets and its evolution over the years; in particular, the factors that contribute to UK house prices and I would like to know if you have data on:

• Mortgage Rates
• Size of the Mortgage Market 
• LTV (avg and/or any other metric) 
• New mtge origination
• New buildings coming to market
• Stamp Duty
• BOE Interest Rates
• Population
• Employment
• Property Prices (my dependent variable)

Ideally these should be quarterly data and would go back for 10/20 years.

SUMMARY

We would like access to some non-confidential summary statistics based on the PSD mortgage data aggregated to the postcode district level (the first half of the postcode - with suitable anonymisation where this would otherwise be disclosive).

DETAIL

The FCA regularly releases a number of summary statistics based on the mortgage product sales database (PSD). These releases are widely used outside the FCA including by academic researchers.

The FCA has also recently published an Occasional Paper 57 on mortgage market disruptions due to Covid-19. This included analysis of the PSD data at the postcode district level (see Figure 7).

We would like access to some additional non-confidential, postcode district statistics produced using the mortgage product sales data. These statistics are IDENTICAL to ones already published but at a slightly more disaggregated level (postcode district). Specifically, we would like (table numbers are references to https://www.fca.org.uk/publication/data/psd-mortgages-2019.xlsx):

a. Table 2.1 (Number of sales by type of borrower) at postcode district level
b. Table 3.3 (Number of sales by interest rate type) at postcode district level
c. Table 3.4 (Number of sales by LTV ratio) at postcode district level
d. Table 3.5 (Median LTV ratios) at postcode district level
e. Table 4.1 (Number of sales by credit history) at postcode district level
f. Table 4.2 (Number of sales by customer age band) at postcode district level
g. Table 6.1 (Number of first-time buyer sales by LTV ratio) at postcode district level

We would like this information over as many years as you can provide it, ideally at least the last 10 years.

FOI8193 response

Please contact us for a copy of the annexes

For each year from 2010 – 2021 inclusive, how many applications to become a payment institution in accordance with the Payment Services Regulations 2009 (PSRs 2009) and subsequently the Payment Services Regulations 2017 (PSRs 2017):
a. were received 
b. were approved 
c. were rejected or withdrawn

For the answers to 3. a), b) and c) please can you provide a breakdown of how many of the applications were from: 
a. A UK registered organisation
b. A non-UK registered organisation

For each year from 2010 – 2021 inclusive, how many applications to become an electronic money institution in accordance with the Electronic Money Regulations 2011 (EMRs):
a. were received 
b. were approved 
c. were rejected or withdrawn

For the answers to 5. a), b) and c) please can you provide a breakdown of how many of the applications were from: 
a. A UK registered organisation
b. A non-UK registered organisation

I would appreciate it if this information could be tabulated into annual columns.

FOI8168 response

FOI8168 response annex

We are making a request in relation to the registration of cryptoasset firms for supervison by the FCA under the Money Laundering Regulations.
Please provide for each calendar month from January 2020 to March 2021 the number of applications for registration.
For each of those months (by date of application) provide details of how many of those applications were approved/rejected/withdrawn/remain outstanding

I am writing to request further details of the survey that was used for the FCA Evaluation of the impact of the Retail Distribution Review and the Financial Advice Market Review:
 
1. Could you please share the survey referenced in FCA Evaluation of the impact of the Retail Distribution Review and the Financial Advice Market Review 3.28 in full (will all questions and answers)? 

2. Could you please share the following survey in full FCA (will all questions and answers)?: "2019 firm survey: We conducted a voluntary survey of firms in 2019 as part of the RDR/FAMR review. The survey was completed by 311 firms, representing approximately 25% of advised customers in the UK (approximately 750,000  people). The questions focused on business models, target customers, total amount of assets under management of advice firms, use of technology, fees and charges and perceptions of competition."

FOI7986 response

FOI7986 response annex

I am writing to you under the Freedom of Information Act 2000 to request the following information from the FCA:
 
How many women CF30s were there in the year ending 31 December 2020?
How many men CF30s were there in the year ending 31 December 2020?

How many women CF30s were there in the year ending 31 December 2019?
How many men CF30s were there in the year ending 31 December 2019?

How many women CF1s were there in the year ending 31 December 2020?
How many men CF1s were there in the year ending 31 December 2020?

How many women CF1s were there in the year ending 31 December 2019?
How many men CF1s were there in the year ending 31 December 2019?

How many women CF1s were there in the year ending 31 December 2018?
How many men CF1s were there in the year ending 31 December 2018?

How many women CF2s were there in the year ending 31 December 2020?
How many men CF2s were there in the year ending 31 December 2020?

How many women CF2s were there in the year ending 31 December 2019?
How many men CF2s were there in the year ending 31 December 2019?

How many women CF2s were there in the year ending 31 December 2018?
How many men CF2s were there in the year ending 31 December 2018?

How many women CF3s were there in the year ending 31 December 2020?
How many men CF3s were there in the year ending 31 December 2020?

How many women CF3s were there in the year ending 31 December 2019?
How many men CF3s were there in the year ending 31 December 2019?

How many women CF3s were there in the year ending 31 December 2018?
How many men CF3s were there in the year ending 31 December 2018?

Could you please confirm the following as at the 14 March 2021:

1)  The number of open investigations which relate to the asset management sector.  Please confirm the split between firms and individuals.
2)  The number of open investigations into senior managers.  Please confirm the split between different senior management functions.
3)  The total number of open investigations.  Please confirm the split between firms and individuals.

Can you please tell me how many asset management firms, Banks and Pension Administrators are registered with the FCA in 2021 please. Or last year if easier.

FOI8141 response

FOI8141 response annex

Please could you provide the contact information (name, address, phone, email, website) you hold for all companies and/or individuals who held permissions to carry our defined benefits pension transfers between 26/01/2020 and 10/03/2021. 

Please also provide the contact information (name, address, phone, email, website) you hold for all companies and/or individuals who held permissions to carry our defined benefits pension transfers on 31/12/2018 but who have since relinquished their permissions or had their permissions revoked or removed or cancelled by the FCA.

FOI8139 response

FOI8139 response annex A

FOI8139 response annex B

I am seeking information on the number of financial advice firms established each year.

Please provide:

• The total number of regulated firms providing retail investment advice that were granted FCA authorisation in the calendar years, 2020, 2019 and 2018. If 2020 figures are not available please provide figures for2017 instead. 
• Please also provide a breakdown of that figure for firms with: 1 adviser, 2-5 advisers, 6-50 advisers, over 50 advisers. Again for each of those three calendar years.

I am defining financial advice firms as the FCA does in its retail intermediary report, which is based on the Retail Mediation Activities Return https://www.fca.org.uk/data/retail-intermediary-market-2019

FOI8133 response

FOI8133 response annex

FOI8124 response

FOI8124 response annex

Financial Services Compensation Scheme

.... [L]aw firms offering services to claim compensation on Mis-sold pensions / SIPPS have a disclaimer that you can present a claim directly with the FSCS for free.

In the questions below, we refer to "self-claims" meaning a claim that was presented by an individual without the services of a Law Firm or Claims Management Company.

1.  What is the success rate of making a claim yourself versus using a Law Firm or Claims Management Company?
2.  How many self-claims were submitted in 2017, 2018, 2019 and 2020 for a mis-sold Pension and how many were successful in each year?
3.  How many claims were submitted by either a Law Firm or Claims Management Company in 2017, 2018, 2019 and 2020 for a mis-sold Pension and how many were successful in each year?
4.  How many self-claims were submitted in 2017, 2018, 2019 and 2020 for a mis-sold SIPP and how many were successful in each year?
5.  How many claims were submitted by either a Law Firm or Claims Management Company in 2017, 2018, 2019 and 2020 for a mis-sold SIPP and how many were successful in each year?
6.  With regard to success rates, statistically, are you better off submitting a claim yourself for those items listed below? A simply yes or no will suffice.
     a.  Mis- sold Pension
     b.  Mis-sold SIPP
7.  Has the success rate of any self-claim been enhanced as a direct result of legal and / or technical arguments presented by a Law Firm of Claims Management Company?
8.  If the answer to question 7 is yes, please confirm what percentage of self-claims have been so enhanced.

March 2021

How many applications for API licenses have been received in 2021 so far?

What were the dates of each application received by the FCA?

How many API license applications were received in 2020, and of those, how many were approved and how many were refused?

FOI8112 response

March 2021

In relation to FOI7086 – please can you share the trading names of the firms who have applied to Temporary Permissions Regime (TPR) and Temporary Marketing Permissions Regime (TMPR)

FOI8076 response

FOI8076 response annex 1

FOI8076 response annex 2

March 2021

A list of all the firms currently in the temporary permission regime

FOI8087 response

FOI8087 response annex

March 2021

Cum-Ex Investigations:

As of 24th February 2021 - How many individuals are currently under investigation in relation to Cum-Ex trades?

How many investigations have been opened up since Mark Steward, the FCA's Director of Enforcement and Market Oversight, confirmed that in the FCA's view, Cum-Ex trading was abusive and the FCA was working closely with European authorities in February 2020?

As of 24th February 2021 - How many organisations are currently under investigation in relation to Cum-EX trades?

Cryptocurrency:

How many investigations were opened up into suspected cryptocurrency frauds between January 2019 – December 2019?

How many investigations have the FCA opened into suspected cryptocurrency frauds since January 2020?

FOI8086 response

March 2021

With reference to a previous FOI request (FOI7279: Controlled Function holders), I would like to know:

The number of roles opened and the number of roles closed each year within the FCA and PRA's senior management functions, broken down by function (e.g. SMF1 / SMF2).

Please could you provide this data for the last five years for which you have data available. If you are unable to provide five years of data, please provide three years of data, otherwise please provide data for the last two years.

FOI8093 response

March 2021

List of all insurers and re-insurers that you regulate.

FOI8066 response

FOI8066 response annex

March 2021

Section 75 claims amongst UK consumers. Could you please provide information about:

• The total amount of 75 claims made in the separate years of 2015, 2016, 2017, 2018, 2019 and 2020.

• The total monetary value of section 75 claims made amongst UK consumers in the separate years of 2015, 2016, 2017, 2018, 2019 and 2020.

FOI8071 response

March 2021

• Number of investigations the FCA has launched into firms that failed to notify the FCA of a net short position that reached or crossed the reporting threshold.  

• Number of fines the FCA has imposed on firms that failed to notify the FCA of a net short position that reached or crossed the reporting threshold.  

• Value of fines the FCA has imposed on firms that failed to notify the FCA of a net short position that reached or crossed the reporting threshold.  

I would like the data broken down for each of the last five years with a year-end date of 31 January or whichever year-end is most convenient.

If you cannot provide data for each of the last five years, then please provide data for each of the last three years. If that is not possible, then please provide data for each of the most recent two years. If that is not possible, please provide data for the most recent year.

FOI8091 response

March 2021

1. Please can you provide details of the number of workers raising concerns about wrongdoing or malpractice (whistleblowing) who have contacted you in relation to your duties as a regulator for each month in 2020?

Where possible, can you please also provide the following details:

2. Whether each individual contacted you on an anonymous, confidential, or self-identified basis,

3. A brief summary of the types of concerns raised.

FOI7966 response

March 2021

Update to FOI7131:

I would like full year 2020 data as per that given under FOI7131 for full year 2019.

Previous requests (FOI6618 and FOI7131):

FCA Complaints

Could you please provide the full 2019 data as per FOI6618.

Original request (FOI6618)

The FCA's Freedom of Information right to know response FOI6281 dated 27th March 2019 states:

1.  In 2018, 688 complaints were received

2.  In 2019, 311 complaints were received

Please provide the latest year to date figures for 2019 as well as a breakdown of 2018 and 2019 figures using the categories the FCA uses to classify the complaints received about itself.

FOI7927 response

March 2021

1. The number of investigations the FCA has launched into individuals for using dividend arbitrage trading strategies that breached the FCA's rules and regulations

2. The number of investigations the FCA has launched into firms for using dividend arbitrage trading strategies that breached the FCA's rules and regulations

3. The value of fines issued by the FCA to individuals as a result of an investigation into them using dividend arbitrage trading strategies that breached the FCA's rules and regulations

4. The value of fines issued by the FCA to firms as a result of an investigation into them using dividend arbitrage trading strategies that breached the FCA's rules and regulations

5. The number of enforcement actions the FCA has used on individuals for using dividend arbitrage trading strategies that breached the FCA's rules and regulations

6. The number of enforcement actions the FCA has used on firms for using dividend arbitrage trading strategies that breached the FCA's rules and regulations

I would like the data broken down for each of the last five years with a year-end date of 31 December or whichever year-end is most convenient. If you cannot provide data for each of the last five years, then please provide data for each of the last three years. If that is not possible, then please provide data for each of the most recent two years.

FOI7982 response

March 2021

Clarified Request – 12/02/2021

Please provide the answer for both ultimate parent and parent undertaking.

Original Request - 14/01/2021

1.

a)  For each year since 2016, how many applications for authorisation has the FCA received from branches of companies domiciled in the EEA broken down by firm type?

b) For each year since 2016, how many applications for authorisation has the FCA received from a companies with an EEA headquartered parent?

2.

a)  For each year since 2016, how many applications for authorisation has the FCA received from branches of companies domiciled in Asia broken down by firm type?

b) For each year since 2016, how many applications for authorisation has the FCA received from a companies with an Asian headquartered parent?

3.

a)  For each year since 2016, how many applications for authorisation has the FCA received from branches of companies domiciled in the US broken down by firm type?

c) For each year since 2016, how many applications for authorisation has the FCA received from a companies with a US headquartered parent?

FOI7947 response

March 2021

Previously, annual figures on the number of claims management companies (CMCs) regulated were published by the Claims Management Regulation Unit (CMU) of the MoJ.  The last annual figures published were for 2017-2018.

Have you any figures available that can tell me how many CMCs the FCA has given licences to, and how many applications are still being processed?

Would it also be possible to say how many of the CMCs licensed are operating in personal injury or clinical negligence sectors?

FOI8048 response

March 2021

Follow-up to FOI7564 for which we cited the cost limit exemption and offered to consider a refined request:

1.  Authorised firms are required to submit applications for individual approvals under the approved persons regime and now, where relevant, the senior manager regime.  Please provide information concerning the total number of individuals for whom, in respect of the last six months of 2018, 2019 and 2020:

• An application was submitted to the FCA.

• In respect of which application, the individual was given unconditional approval

• In respect of which application, the individual was given conditional approval

• In respect of which application, the firm later withdrew the request for approval before a decision was made

• In respect of which application, the FCA declined to approve the individual

2.  The number of complaints relating to both authorisations and credit authorisations and the outcome of these complaints for 2018, 2019 and 2020. 

FOI7965 response

March 2021

A breakdown of all MDP rejection codes for MIFID RTS22 Transaction Report rejections for 2018, 2019, 2020?

To clarify, these rejection codes are codes assigned to a transaction when it is rejected by the MDP portal processing.

For example, a sample of common error codes are as follows:

CON-412 Instrument is not valid in reference data on transaction date

CON-370 Country of branch membership is missing

CON-360 Venue MIC is not valid for the trade date

We are seeking a breakdown by percentage of each error code:

For example:

CON-412   %50 of all rejected transactions are due to this error code

CON-370 %25 of all rejected transactions are due to this error code

CON-360 %5 of all rejected transactions are due to this error code

FOI8042 response

March 2021

Data on the FCA's enforcement action, similar to the information presented in Table 2.6 (Case Movements) of the Enforcement Annual Performance Report 2018/2019 (https://www.fca.org.uk/publication/corporate/annual-report-2018-19-enforcement-performance.pdf) but for firms only, for all years between 2015–2020.

Additionally, I would also like to request the data presented in Table 2.1 (Financial Penalties Imposed) for the year 2019-2020.

FOI8045 response

March 2021

1. How many complaints you have received in each of the last three years relating to telesales businesses purporting to offer "cover", "protection" or "insurance" policies for white goods, appliances, kitchen equipment or for alleged telephone screening services? (A total figure for each year is fine).

2. How many of the businesses referred to above actually fall under FCA regulation? An approximate percentage or estimate is fine if specifics are unavailable.

3. How many businesses of the type described in point 1 above are actively being investigated?

FOI8046 response

March 2021

A list of the names and contact details for all insurance companies currently registered with FCA.

FOI7989 response

FOI7989 response annex

March 2021

Information on listings of cannabis-related business in the UK, on which the FCA published a note in September. 

Please provide the following information:

- The FCA says the note was produced "in response to queries from cannabis-related companies interested in listing in the UK". How many such queries has the FCA received, by month, since medical cannabis was legalised in the UK in 2018.

- How many cannabis companies has the FCA admitted to the Official List and how many has it rejected over the same period.

- How many recreational cannabis companies has the FCA deemed to be in potential breach of the Proceeds of Crime Act.

- Please provide copies of any internal research notes, presentations or similar that may be relied on by the FCA to assess cannabis companies.

FOI8025 response

March 2021

A list of investment firms with FCA permissions to deal in investment as agent. Please include in the list only those investment firms with matched principle trading capacity.

FOI8024 response

FOI8024 response annex

March 2021

The total number of:

Commercial finance brokers (intermediaries with credit broking permissions) Residential mortgage brokers (regulated mortgage brokers)

And finally, if the regulator has estimates as to how many unregulated finance brokers currently exist in UK.

FOI8021 response

March 2021

Can you please outline the location of the registered Head Office for each of the Senior Managers Functions? I am seeking to understand how many women (Ms/Miss/Mrs), how many men (Mr) and how many gender non-disclosed individuals are located in various regions, i.e. London, North West, etc.

FOI8009 response

Please contact us for a copy of the Annex 

March 2021

As per my original request on 31/12/20 if you could break down 4. 'The total number of notifications received from firms to use the temporary permissions regime broken down by passport being used.' Into 'Branch' and 'Service' passports as per the table below?

FOI8005 response

February 2021

1. How many firms have up their DB transfer permissions between September and 31 December 2020.
2. How many firms were asked to give up their DB transfer permissions between September and 31 December 2020.
3. In regard to question 1, please note which firms gave up their permissions entirely, or amended their permissions.

FOI7919 response

February 2021

Follow-up to FOI7905:

I am happy to omit Item 1c (relating to 'non-routine' applications) from my request if this would exceed the cost limit. I would like to proceed with a refined request covering Items 1a, 1b, 1d to 1g (inclusive) and Items 2 to 5 (inclusive)

1. Please confirm the following information for each calendar year since 2016 (broken down by each calendar year i.e. for each of 2016, 2017, 2018, 2019 and 2020):

     1a. The total number of applications that the FCA has received for individuals to perform one or more Senior Management Functions. I note that the FCA's website states that the FCA publishes this information every six months, but I have been unable to locate this information online.

     1b.  Out of the applications referred to in 1a. above, the number of individuals who were interviewed by the FCA as part of the FCA's process for determining whether it should approve these individuals to perform one or more Senior Management Functions.

     1d. Out of the applications referred to in 1a. above, the number of applications in respect of which the FCA has made recommendations to the Regulatory Transactions Committee. I note that the FCA provided this information for 2016, 2017, 2018 and 2019 (in part) in a previous response to a FOIA request (https://www.fca.org.uk/publication/foi/foi6914-response.pdf) so I would be grateful if the FCA could supplement this information in its response to this request to cover the remainder of 2019 and 2020.

     1e. Out of the applications referred to in 1a. above, the number of applications in respect of which the FCA has made recommendations to the Regulatory Decisions Committee. I note that the FCA provided this information for 2016, 2017, 2018 and 2019 (in part) in a previous response to a FOIA request (https://www.fca.org.uk/publication/foi/foi6914-response.pdf) so I would be grateful if the FCA could supplement this information in its response to this request to cover the remainder of 2019 and 2020.

     1f. Out of the applications referred to in 1a. above, the number of applications that have been refused/rejected by the FCA.

     1g. Out of the applications referred to in 1a. above, the number of applications that have been withdrawn by the relevant firm and/or candidate.

2. Please confirm for each calendar year since 7 March 2016 (broken down by each calendar year i.e. for each of 2016, 2017, 2018, 2019 and 2020) the number of 'qualified' Form Cs received by the FCA in respect of individuals who performed one or more Senior Management Functions. For the purposes of this request, I have used the term 'qualified' in the way that it is described on the FCA's website - https://www.fca.org.uk/firms/approved-persons/change-cancel-approval-controlled-function.

Enforcement activity

3. Please confirm the following information for the period 7 March 2016 to present (there is no need for the FCA to provide this information broken down by calendar year):

     3a. The total number of FCA enforcement investigations that the FCA has opened into individuals who hold/held one or more Senior Management Functions.

     3b. The total number of enforcement investigations that the FCA had into individuals who hold/held one or more Senior Management Functions that were discontinued with no enforcement action being taken.

4.  Please confirm the following information for the period 7 March 2016 to present (there is no need for the FCA to provide this information broken down by calendar year):

     4a. The total number of FCA enforcement investigations that the FCA has opened into individuals who are/were classified by their firm as Certified Persons.

     4b. The total number of enforcement investigations that the FCA had into individuals who are/were classified by their firm as Certified Persons that were discontinued with no enforcement action being taken.

5. Please confirm the following information for the period 7 March 2017 to present (there is no need for the FCA to provide this information broken down by calendar year):

     5a. The total number of FCA enforcement investigations that the FCA has opened into individuals who are/were subject to the FCA's Code of Conduct (but were not a Senior Manager or a Certified Person).

     5b. The total number of enforcement investigations that the FCA had into individuals who are/were subject to the FCA's Code of Conduct (but were not a Senior Manager or a Certified Person) that were discontinued with no enforcement action being taken.

FOI7996 response

February 2021

Could you please provide us with information concerning the occurrence  of
1) any fines levied during 2020 year concerning:
a) Authorised payment institutions
b) Authorised electronic money institutions
c) Registered account information service providers

and

2) the number of active or closed investigations during 2020 year:
a) Authorised payment institutions
b) Authorised electronic money institutions
c) Registered account information service providers

FOI7970 response

February 2021

How many advisers applied for DB transfer permissions in 2020?

FOI7972 response

February 2021

How many data breaches were reported or referred to the FCA across all of 2019 and 2020, broken down by month, according to the most up to date and complete data

FOI7963 response

February 2021

Please confirm the number of open investigations into Cum-Ex related issues as at the date of this information request. Please also confirm the number of firms and individuals under investigation.

Please clarify whether any Cum-Ex related investigations have been discontinued by the FCA.

Further, please confirm the jurisdictions which these investigations relate to?

FOI7964 response

February 2021

This is a FOI request for the number, by month, of FCA-authorized firms that have gone insolvent or been liquidated in 2018, 2019, 2020 and January 2021? Can you also provide the number on a monthly basis by type of financial company (eg, the FCA's 'sector view' breakdown of companies in retail lending, wholesale financial markets, retail investments, etc).

FOI7980 response

February 2021

A list of all entities which are registered under the current Temporary Permissions Regime

FOI7952 response

FOI7952 response annex

February 2021

The number and value of mortgages with advances greater than £5 million

I would like this data as a total for each of the last five years, with December 30th as year-end. If this is not possible then please use the year-end used internally by the organisation.

If you are unable to provide five years of data, please provide three years of data, otherwise please provide data for the last two years.

FOI7988 response

February 2021

In reference to a previous FOI response, your ref: FOI6851, I would like to have the below functions split by gender where the applicants have stated Mr, Ms, Mrs and Miss in their application.

1. How many Control Function 1 Holders are women, how many are men?
2. How many Control Function 2 Holders are women, how many are men?
3. How many Control Function 3 Holders are women, how many are men?
4. How many Control Function 4 Holders are women, how many are men?

I would like an update on the data previously given for the most recent year, with a year-end date of September 30, or whichever year-end date is most convenient.

FOI7864 response

February 2021

We are doing some analysis of AIFM populations for client facing work, and would seek the number of FCA-only authorised firms as of today's date (7 Jan 2021) with the following permissions:

1. All firms with the Managing an unauthorised AIF permission, with the Small AIFM Requirement without any other regulated activities (aside from Agreeing)
2. All firms with the Managing an unauthorised AIF permission, with the Small AIFM Requirement and with the MiFID Article 2 Exemption Requirement
3. All firms with the Managing an unauthorised AIF permission, with the Small AIFM Requirement and the CAD Exempt Requirement
4. All firms with the Managing an unauthorised AIF permission, with the Small AIFM Requirement and the BIPRU firm Requirement
5. All firms with the Managing an unauthorised AIF permission, with the CPMI firm Requirement without any other regulated activities
6. All firms with the Managing an unauthorised AIF permission, with the CPMI firm Requirement without the Managing investments activity
7. All firms with the Managing an unauthorised AIF permission, with the CPMI firm Requirement and with the MiFID Article 2 Exemption Requirement
8. All other firms with the Managing an unauthorised AIF permission, with the CPMI firm Requirement not captured in (5), (6) or (7) above.
9. All firms with the Managing an unauthorised AIF permission, without the Small AIFM or CPMI firm Requirements but with the MiFID Article 2 Exemption Requirement
10. All firms with the Managing an unauthorised AIF permission, without the Small AIFM or CPMI firm Requirements but with other regulated activities

Could you please provide this data with Firm Reference Numbers under each heading 1-10.

To clarify, all regulated activities are covered by designated investment business only.

FOI7928 response

February 2021

On 6 January 2021, Mark Steward told an evidence session held by the Work and Pensions Committee that the FCA prosecutes the perpetrators of some investment scams for fraud, rather than under Section 21 of the Financial Services and Markets Act 2000.

For each of the calendar years 2015 to 2020 inclusive, how many such cases resulted in the FCA (i) pursuing prosecutions and (ii) securing convictions, for fraud?

FOI7929 response

February 2021

We would like to know for 2019 and 2020, how many firms requested a data extract from the regulator's Market Data Processor (MDP) system against which to check the accuracy of their reporting?

FOI7942 response

February 2021

1. How many entities notified the FCA prior to the end of the Brexit transitional period (which expired on 31 December 2020) that they wish to continue operating in the UK under the Temporary Permissions Regime?

2. Of these, how many are (i) MiFID investment firms; (ii) Alternative Investment Fund Managers?

3. How many entities notified the FCA prior to the end of the Brexit transitional period (which expired on 31 December 2020) that they wish to continue marketing in the UK under the temporary marketing permissions regime (TMPR)?

FOI7914 response

January 2021

We would like to know, since the temporary permissions regime was first opened (including when it was reopened between 30th September - 30th December 2020):

1. The total number of notifications received from firms to use the temporary permissions regime
2. The total number of notifications received from firms to use the temporary permissions regime broken down by the firm's home state
3. The total number of notifications received from firms to use the temporary permissions regime broken down by firm type
4. The total number of notifications received from firms to use the temporary permissions regime broken down by passport being used

Could you please provide the breakdowns for questions 2. 3. And 4. For the categories in the lists below.

2.
Country
IRELAND
FRANCE
CYPRUS
GERMANY
NETHERLANDS
LUXEMBOURG
MALTA
BELGIUM
LIECHTENSTEIN
SPAIN
ITALY
SWEDEN
NORWAY
DENMARK
LITHUANIA
AUSTRIA
CZECH
POLAND
GREECE
FINLAND
PORTUGAL
BULGARIA
ICELAND
LATVIA
HUNGARY
SLOVENIA
ESTONIA
SLOVAKIA
ROMANIA
CROATIA

3.
Firm type
Advisers and intermediaries
Personal and Commercial Lines Insurers (incl. EEA insurers)
Asset Manager
Payment Services Firm
Contracts for Difference Providers
Personal and Commercial Lines Insurance Intermediaries
Retail Bank
Wholesale Bank
Lloyds & London Market Intermediaries (incl. Managing General Agents)
Wholesale Brokers
Wealth Managers and Stockbrokers
E-money Issuer
Life Insurance
Principal Trading Firms
Alternative Asset Manager (e.g. hedge fund / private equity manager)
Corporate Finance Firms
Lloyds Managing Agents & London Market (Re)Insurers (incl. P&I Clubs)
Other
Custody Services and Administrators
Multilateral Trading Facility
Credit brokers
Platforms
Retail finance providers
Mainstream consumer credit lenders
Organised Trading Facility
Motor finance providers
Non-Bank Lenders
Retail Mortgage Lenders

4. (Directive category including breakdown by branch & services passport type)

Directive Branch Services
AIFMD
PSD
SEMD
UCITS
MiFID
IDD
MCD

FOI7904 response

January 2021

In reference to the attached FOI response - https://www.fca.org.uk/publication/foi/foi6934-response.pdf, I would like to know the following:
 
-  The number of active investigations into individuals; and
-  The number of active investigations into companies.
-  If there is a further breakdown of statistics into whether the individuals are senior managers or not that would be great.

FOI7907 response

January 2021

The number of approvals made by the FCA for the regulated activity 'Debt Counselling' in 2018, 2019 and 2020 to date. The Authorisations Department may hold this data.

Clarified:

Ideally I would want both sets of data (number of firms authorised in the given year holding debt counselling only and number of firms authorised for debt counselling with a restriction) if this is feasible?

FOI7855 response

January 2021

I would be grateful if you could provide updated tables 1 and 2 for the report 'Consumer Credit - high-cost short-term credit lending data' (https://www.fca.org.uk/data/consumer-credit-high-cost-short-term-credit-lending-data-jan-2019), last updated in response to FOI7574,  to include as much data as is available for Q3 2020.

FOI7874 response

FOI7874 annex

January 2021

The number of mortgage terms of 35 years or more approved in the past three years.
Please can you provide a breakdown of mortgage length for this year by the length of the term ie % that are 10 years, % that are 25 years etc
Please can you provide a breakdown of LTV for the past two years by the % of LTV ie 90% mortgage, 50% mortgage etc

FOI7872 response

FOI7872 response information provided

January 2021

1. A monthly log of how many residential mortgage sales (excluding Lifetime Mortgages & Retirement Interest Only Mortgages) have been arranged since 2015.
2. A monthly log of how many residential Lifetime Mortgage sales (excluding Retirement Interest Only Mortgages) have been arranged since 2015.

FOI7896 response

January 2021

The number of enforcement cases that the FCA currently has open. I see that the number was 646 as at 31 March 2020 and am looking for the latest comparable figure.

FOI7876 response

January 2021

1) From 1 January 2020 to date, how many investment firms have reported errors in their transaction reporting
2)  From 1 January 2020 to date, how many firms has the UK regulator held visits, meetings or conference calls for the specific purpose of discussing the quality of their transaction reporting?
3)   From 1 January 2020 to date, how many firms have requested a data extract from the regulator's Market Data Processor (MDP) system against which to check the accuracy of their reporting?

FOI7735 response