Information on number of enforcement cases - December 2025

Please provide total number of cases open at the end of 31 October 2025 into firms and individuals, broken down by primary issue under investigation.

The list of primary issues are as follows:
Advice – Pensions
Financial Crime
Insider Dealing
Listing/Prospectus Rules/DTR Breaches
Market Manipulation
Misleading Statements
Retail Conduct
Retail Lending
Unauthorised Business
Wholesale Conduct

We are unable to provide information you have requested because we do not hold a record of current enforcement cases broken down by the primary issues you have specified. The enforcement data that we published for 2023/24 and 2024/25 was not categorised in this way. We instead reported data relating to our enforcement portfolio at an operation level, and against our strategic commitments.

To categorise our enforcement data under the terms you have provided would be tantamount to creating new information, something under FOIA that we are not required to do.

We can confirm that we hold data on the number of open investigations into firms and individuals as of 31 October 2025. Where the records on our system clearly align with a primary issue specified in your request we have provided relevant figures. We have otherwise grouped the remaining cases as 'Other'.

There were 351 investigations open at 31 October 2025, as a result of 122 Operations.

Please see below tables for the relevant data:

Table 1 – Investigations into firms

Table 2 – Investigations into individuals