Information on FCA warning list of unauthorised firms - May 2024


Reference Case Number: FOI11306

Freedom of Information: Right to know request:

Please provide information concerning investigations opened into unauthorised firms for years 2020, 2021, 2022 and 2023.

  • How many unauthorised firms were formally investigated by the FCA’s Enforcement and Market Oversight division?
  • Of those firms formally investigated, what was the outcome of those investigations?

FCA response:

Please note that the data below relates to financial years.

2020/21

  • 16 investigation cases opened.
  • 4 closed with no further action.
  • 2 closed with referral to another Law Enforcement Agency (LEA).
  • 1 closed as company was dissolved – action ongoing in relation to individuals.
  • 4 relate to firms currently in administration.
  • 5 remain open / ongoing.

2021/22

  • 30 investigation cases opened.
  • 10 closed with no further action.
  • 20 remain open / ongoing.

2022/23

  • 4 investigation cases opened.
  • 1 closed with no further action.
  • 3 remain open / ongoing.