Reference Case Number: FOI10026
Freedom of Information: Right to know request:
With the recent publication of Discussion Paper 23/2 Updating and improving the UK regime for asset management, it would be helpful to understand how many firms are currently authorised in each category of Part 4a permissions:
1. Managing investments
2. Advising on investments
3. Managing an AIF
4. Managing an unauthorised AIF
5. Managing a UCITS
6. Establishing, operating or winding up a collective investment scheme
FCA response:
We can confirm that we hold the requested information, which can be found in the table below.
| Category of Part 4A Permission | Number of authorised firms who hold each Part 4A Permission |
|---|---|
| Advising on investments, subdivided* into: | 1 |
| - Advising (ex Pension Transfers/Opt Outs) | 14,953 |
| - Advising on P2P agreements | 7,863 |
| - Advising on Pension Transfers/Opt Outs | 4,840 |
| Establishing, operating or winding up a CIS | 379 |
| Managing a UK UCITS | 127 |
| Managing an authorised AIF | 106 |
| Managing an unauthorised AIF | 1,180 |
| Managing investments | 2,321 |
* We have broken down the ‘Advising on investments’ permission into the subdivided permissions as set out in Table 1(j) in PERG 2 Annex 2 Regulated activities and the permission regime in the FCA Handbook.
As previously explained in our response under reference FOI9766, following the UK leaving the European Union, FCA regulated firms previously listed as subject to ‘Managing a UCTIS’ permissions are now listed as ‘Managing a UK UCITS’.
Please note that one firm with all permissions listed above will count as 1 for each permission. Therefore, the sum of all the permission counts will not provide you with a count of the firm population.