Information on firms applying for permission to trade as general insurance brokers - May 2021


Reference Case Number: FOI8200

Freedom of Information: Right to know request:

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

  1. 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)?
  2. 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)?
  3. 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)?
  4. 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)?
  5. 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)?
  6. 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)
  7. 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)?
  8. 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)?
  9. 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:

  1. 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?
  2. 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?
  3. 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?
  4. 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?
  5. 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?
  6. 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?

FCA response:

Refer to supporting documents below

Supporting document

FOI8200 response