Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

FOI requests cost FCA £853k in 2013/14

FOI requests cost FCA £853k in 2013/14

The Financial Conduct Authority (FCA) received 748 Freedom of Information (FOI) requests in its last accounting year, which cost the regulator £853,000 to process.

In its annual report, released today, the FCA said it closed 445 of these requests, or 87%, by the statutory deadline, disclosing material 50% of the time.

The 748 requests marked a 3% increase from 2012/2013 and consumers were the largest source, submitting 164. Financial advisers submitted 54 requests, legal advisers made 70, the media 87 and MPS made two.

The most frequent topics included information about complaints, mortgages, the Co-Operative Bank, whistleblowing and Keydata, the FCA said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: Stenham's CIO on the strange persistence of hedge funds

Profile: Stenham's CIO on the strange persistence of hedge funds

Stenham Asset Management chief investment officer Kevin Arenson believes hedge funds are making a comeback

Wealth Manager on Twitter