2016 Disclosure Log

FOI4796[1]

FOI4796 information provided[2]

Update to FOI4462:

I would like to request an update on the data below to as close to the present day as is possible?

Original request:

Please can I have the below functions split by gender where the applicant have stated Mr, Ms, Mrs and Miss in their application.

• How many Control Function 10 Holders are women
• How many Control Function 11 Holders are men
• How many Control Function 10 and 11 holders are men
• How many Control Function 10 and 11 holders are men

Please exclude any individuals who hold any other function excluding; CF1, CF4 which are acceptable.

For ease am happy for you to pick a specific day in 2015, perhaps the last day of the year.

If possible the comparison for the same day in 2014 would be very much appreciated as would 2013 but if the information is onerous to gather 15-14 would be sufficient.

FOI4799[4]

FOI4799 information provided[5]

I am seeking information on how many financial advice firms are independent and how many are restricted. 

Please provide details of how many firms offering financial advice in the UK currently have the legal status of independent and how many currently have the legal status of restricted.

Thank you for this email. I appreciate that my request of 12 August may have taken longer to fulfil than your 18 hour limit. However:

• Items 1 and 2 of my request are very straightforward, so please provide those (see below for full details)
• Items 3 (a), (b), (c) and (d), and 4 (a), (b), (c) and (d) should also be reasonably straightforward and certainly take less than 18 hours to extract (see below for full details)

1. Total number of SIPPs sold each quarter
   (a)    advised
   (b)    non-advised
2. Number of providers selling:
   (a)    advised
   (b)    non-advised
   Total number of providers each quarter
3. In respect of advised sales:
   (a)    percentage of total sales by the top 5 SIPP providers in each quarter
   (b)    top 5 provider sales
   Percentage of total sales by the top 10 SIPP providers in each quarter
   Top 10 provider sales
4. In respect of non-advised sales:
   (a)    percentage of total sales by the top 5 SIPP providers in each quarter
   (b)    top 5 provider sales
   Percentage of total sales by the top 10 SIPP providers in each quarter
   (d)    top 10 provider sales

FOI4788[7]

FOI4788 information provided[8]

Request on bridging lenders authorisation since May 2015.

• How many bridging lenders have applied for authorisation since May 2015?
• How many have been approved/still waiting/declined?
• Please could you break down the above information by month?

Clarified on 10 October 2016:

"I cannot identify the information you have requested from the details you have provided.  To help us meet your request could you please therefore redefine it, specifying:

Do you wish to know the number of applications for firms applying for the permission ‘entering into a regulated mortgage contract as lender’ and will solely be offering bridging loans or do you require the number of firms that offering bridging loans in addition to other regulated mortgage contracts?"

To clarify, I was referring to the latter suggestion - the number of firms that are offering bridging loans in addition to other regulated mortgage contracts. 

In other words: How many lenders have been authorised to offer bridging loans since July 2015, regardless of their other offerings?

How much has been spent on Project Innovate since its launch?

How much has been spent on the regulatory sandbox since its launch?

Please could you break down the above expenditures to indicate where the money has been spent and why?

Names of individual firms that retain incoming and outgoing EU 'passports':

On 20 September the FCA released to the Treasury Select Committee a statistical breakdown of the number of holders of incoming and outgoing EU 'passports', broken down by directive.

The data had been extracted from the FCA's TARDIS database.

I would like to request a list of the names of individual companies and firms that retain 'passports'.  I would like the list broken down under each directive (i.e. the names of individual firms that hold passports under AIFMD, or IMD, or MiFID and so on).

FOI4745[11]

FOI4745 information provided[12]

We are aware that the FCA hold records against individuals who work in the financial service sector relating to their fitness and properness to work in the sector, and that on occasion individuals are marked as 'non routine' in terms of their application status. With this in mind:

• How many records on fitness and propriety does the FCA hold for 2014, 2015 and 2016?
• Of those, how many are categorised as “non-routine” for 2014, 2015 and 2016?
• What is breakdown of the reasons for the “non-routine” status for 2014, 2015 and 2016?

How many people designated as “non-routine” have raised concerns about wrongdoing, risk, malpractice or breach of FCA regulations either to the FCA, to their employer or to some other third party for 2014, 2015 and 2016?

Request Clarified 26 September 2016:

In your email you asked:

1. "In regards to the first part of your request you state how many records of fitness and propriety does the FCA hold for the requested respective years. Do you mean applications for approved persons?"  I can confirm we are asking for the number of applications for approved person status for the respective years.
2. You also asked: "Are you asking how many individual applications are classified as non-routine due to the above reasons or whether the above reasons are raised as concerns as a consequence of an application being classified as non-routine?" We're asking for both. Firstly for a breakdown of the reasons individuals were given "non-routine" status for the years stated, and  secondly  the number of individuals given "non-routine" status for raising concerns about wrongdoing, malpractice or a breach of FCA regulations to their employer, the FCA or another third party (e.g a different regulatory body, media, MP etc).

I am currently conducting market research for a company that sells a doorstep system/database to lenders.

I just had a quick question about the amount of lenders you have registered with the FCA. I'm just trying to get an idea of how many lenders there are in the market and therefore potential customers.

1. The number of full e-money licenses issued by the FCA since 2008 to present.
2. How many of these authorised e-money institutions have passported into Europe since 2008?
3. How many foreign authorised e-money institutions have passported into UK since 2008?

1. How many peer-to-peer lenders have had their FCA authorisation applications declined to date? What were the main reasons for this?
2. As at 30 March 2016, the FCA reported 8 peer-to-peer firms had been fully authorised. How many to date have been authorised?
3. As at 30 March 2016, the FCA said a further 86 peer-to-peer firms were awaiting authorisation - how many have withdrawn their applications since?

FOI4726[16]

• How many applications you have received from Peer to Peer lenders (or others) seeking authorisation from you that will enable them to apply to operate an IFISA?
• How long on average does it take to process an application?
• How many of those applications have now been approved?
• How may have been rejected or have been asked to provide further and better particulars?
• How many are you working on?
• How many have you not started working on yet?

FOI4725[17]

FOI4696[18]

• How many housebuilders are authorised by the FCA or seeking authorisation to offer shared equity loans, as required by the Mortgage Credit Directive (MCD)?
• How many housebuilders were authorised for shared equity loans prior to the MCD?
• How many housebuilders have ceased offering shared equity loans since the introduction of the MCD?
• How many housebuilders have written off or released their charges since the introduction of MCD?

FOI4692[19]

'Open' investigations into market abuse and individuals designated as Senior Managers / Certified Persons:

1. As at 31 March 2016, how many ‘open’ market abuse investigations did the FCA have?
   
   By ‘market abuse’ investigations, I mean investigations that have been opened by the FCA in order to investigate whether market abuse for the purposes of section 118 of the Financial Services and Markets Act 2000 has been committed. 
   
   If it is too time-consuming or costly to retrieve this information as at 31 March 2016, please could you supply the information as at another date post-31 March 2016?
2. As at the date of your response to this request (or the nearest date to your response), how many enforcement investigations has the FCA opened into individuals who are designated as: (a) Senior Managers, or (b) Certified Persons for the purposes of the new FCA/PRA Individual Accountability Regime since the introduction of that new Regime on 7 March 2016?
   
   Just to be clear, I am not requesting details of or specific information about any open investigations that the FCA has, just the number of enforcement investigations that the FCA has opened into Senior Managers or Certified Persons since 7 March 2016.
   
   If it is too time-consuming or costly to provide this information for both Senior Managers and Certified Persons, please let me know and I can look at narrowing my request.

FOI4689[20]

FOI4688[21]

Whistleblowing related questions.

• The number of contacts received by the whistleblowing team, for each month from November 2014 to as recently as possible
• The number of new cases, in which actionable whistleblowing derived intelligence was disseminated to departments within the FCA and other regulators and law enforcement agencies, for each month from November 2014 to as recently as possible
• The number of cases created by subject (e.g. fitness and propriety, market manipulation) for each month from November 2014 to as recently as possible
• The number of new cases that have resulted in the imposition of penalties against a company or an individual since you started keeping records of this

FOI4681[22]

• The number of cases seen by the FCA in the past 12 months where an introducer has had an inappropriate influence on how the authorised advice firm works (as referenced in the 2 August FCA alert). Please provide the information broken down by month.
• How many of these cases have progressed to investigations by the FCA?

FOI4679[23]

1. How many mortgage brokers/Adviser have had their permissions refused or taken away by the FCA during the past year?
2. What were the reasons for doing so?

By taken away I mean has had permissions withdrawn by the FCA.
This would not include those firms which have asked to have permissions cancelled.

FOI4663[24]

FOI4660[25]

Number of insider dealing prosecutions and convictions carried out by the FCA.

Please provide data for the following years, since the formation of the FCA: April 2013-2014, April 2014-2015, April 2015-2016 and April-July 2016.

• How many insider dealing prosecutions have been carried out?
• How many insider dealing convictions have been given?
• How many individual criminal investigations for insider dealing have been opened?
• How many individual criminal investigations for insider dealing have been closed with no public outcome?
• How many individual criminal investigations for insider dealing are currently open?
• How many insider dealing investigations resulted in regulatory sanctions?
• How many insider dealing investigations resulted in criminal prosecutions?

FOI4649[26]

We wish to know the statistics on the number of UK firms that passport out to other EU Member States under the various financial services directives and regulations.

Ideally the information should, by Member State, identify for each of the relevant directives and regulations

• the number of FCA authorised firms that passport on an "establishment" basis alone;
• the number of FCA authorised firms that passport on a "services" basis alone; and
• the number of FCA authorised firms that passport on both an "establishment" and "services" basis.

FOI4643[27]

SIPP - New capital adequacy requirements.

I am seeking information on how self-invested personal pension (Sipp) providers have responded to the new capital adequacy requirements which comes into force in September 2016:

• What supervisory work has the FCA done since announcing the new capital adequacy rules in [date] to ensure Sipp providers would meet the requirements?
• Where assessments have been made of firms’ ability to meet the upcoming requirements, please provide aggregate (non-firm specific) data on how many were made to sign attestations or make other commitments to improve their capital adequacy position or processes and when these attestations were signed.
• Please provide details of how many Sipp firms held this the required capital as at 18 July 2016 and how many did not hold sufficient capital at that point.

FOI4638[28]

Complaints against individual financial advisers.

I am aware that the FCA publishes firm level and aggregate level complaints data for the financial advice market. I also understand however that individual advisers are also detailed against complaints in Gabriel reporting data.

Please provide the following information:

1. A list of adviser names, what firm they are from, and the number of complaints detailed against them. Please provide this list in descending order, from most complaints to least, for the calendar year 2015 and the year to date in 2016 up until the date this request is answered. If the same complaint is against two or more advisers at the same firm, please count this as one complaint against each adviser.
2. This data in an aggregate format, listing how many advisers have zero complaints, how many have more than five, more than ten, more than 20 and more than 50, for the calendar year 2015 and the year to date in 2016 up until the date this request is answered.

FOI4625[29]

• The number of referrals to the regulatory decisions committee, listed by advice firm, as a result of this supervisory work.
• The number of enforcement actions taken and the nature of the actions taken – e.g. warning notices, prohibitions etc - listed by advice firm, as a result of this supervisory work.
• The total cost to the FCA of its supervisory work on advice firms.

FOI4586[30]

FOI4586 information provided[31]

My request builds on information already provided by the FCA in FOI3789.

I would like the following information:

• The information provided in response to FOI3789 to be updated to include figures up to and including Q4 2015/16 (the information provided in response to FOI3789 only goes up to Q2 2014/15).
• The information provided in response to FOI3789 details the total number of Skilled Person Reviews and the number of those reviews with no enforcement activity. I would also like to know, broken down by quarter, for the period Q3 2012/13 to Q4 2015/16 how many of the total number of Skilled Person Reviews resulted in the FCA using its statutory powers (other than its enforcement statutory powers).

FOI4600[25]

We would like an update to FOI3791:

• The number of firms in other EEA countries passported to conduct business in the UK since the introduction of the regulation that allows for business passporting.
•  
• The number of UK firms authorised by the FSA/FCA since the inception of passporting that have investments in the EU (i.e. foreign subsidiaries in the EU).

I am writing to make an open government request for all the information to which I am entitled under the Freedom of Information Act 2000.

Please send me:

• How many complaints have been received over financial promotions from consumer credit companies since May 2015?
• How many cases have been looked at by the FCA following a complaint since May 2015?
• How many promotions have been amended or withdrawn as a result of FCA action since May 2015?

If possible, could you please break down the data by month?
I would like the above information to be provided to me as electronic copies.

FOI4613[33]

Financial penalties issued to buy side firms for failing to disclose major voting rights thresholds or short positions:

I am an MSc student at University College London (UCL) working on a research project for my MSc thesis in Financial Risk Management.  My aim is to build a statistical model that estimates the risk and severity of financial penalties issued to buy side firms for failing to disclose major voting rights thresholds (as stipulated in DTR 5) or short positions (as stipulated in EU Regulation 236/2012).

I am looking for a reliable source of data of such fines that FCA has issued in the last 5 years.

The precise data I need for my model is:

• Date of fine
• Amount of fine
• Company being fined
• Reason for the fine

for fines related to DTR 5 contraventions or short selling contraventions.

FOI4608[34]

FAO: Asset Management Division - query regarding the Alternative Investment Fund Managers Directive (2011/61/EU).

Please can you provide the aggregate numbers of the following:

The numbers of UK firms which have been granted a Part 4A permission to manage unauthorised AIFs and the corresponding number of AIFs managed by such firms (as listed on their Schedules of AIFs).

The number of incoming EEA firms which have exercised their passport rights to market AIFs on a cross-border basis into the UK and the corresponding number of AIFs marketed by such firms.

The number of incoming EEA firms which have exercised their passport rights to manage a UK AIF on a cross-border basis and the corresponding number of UK AIFs managed by such firms.

The number of non-EEA firms which have registered under the national private placement regime (provided by Article 42 of AIFMD as implemented in the UK by Articles 58 and 59 of the Alternative Investment Fund Managers Regulations 2013).

In all cases, please provide data from 22 July 2013 to today's date.

FOI4596[35]

I would like to find out how financial advisers in the UK are segmented according to their assets under management and the geographic location.

And also, if possible, how many financial advice firms have registered with the FCA in recent years.

I have previously spoken to the press office, but they have directed me here.

FOI4559[36]

Five requests aggregated:

1. In the last five years how many times have you had to investigate, Lloyds, Bank of Scotland or Birmingham Midshires for any reason.
2. In the last five years have you investigated, Lloyds, the Bank of Scotland, Birmingham Midshires for failing to keep adequate records.
3. In the last five years have investigations in Lloyds, Bank of Scotland, Birmingham Midshires led to criminal proceedings.
4. In the last five years how many times have Lloyds, Bank of Scotland plc, Birmingham Midshires been censured for any reason.
5. In the last five years how many times have Lloyds, Birmingham Midshires, Bank of Scotland been fined following your investigation and the amount

FOI4562[37]

1. Total number of registered advisers UK
2. Total number of registered advisers UK that are chartered
3. Total number of registered advisers UK that are CF30 accredited
4. Total number of registered advisers UK with the prefix/title Miss, Ms, Mrs
5. Total number of advisers Miss, Ms, Mrs registered > 10 years
6. Total number of advisers Miss, Ms, Mrs that are chartered
7. Total number of advisers Miss, Ms, Mrs that are CF30 accredited
8. Total number of independent firms
9. Total number of tied firms

We have looked at the disclosure log for this information but have been unable to find it.  If it should be available from an earlier request, please could you direct us to the right place?

FOI4560[38]

1. I would like to know how many firms have applied for FCA authorisation in the "debt collecting" category.
2. Of these firms how many applications have been determined so far.
3. Of those determined, what percentage were successful.

Supervisory work looking at firms who had increased their level of Defined benefit (DB) to DC.

I am seeking information the FCA’s review of defined benefit (DB) transfer advice conducted in the wake of the pensions freedoms and FCA supervision and enforcement work regarding DB transfer advice more generally. For reference, the review I am referring to has been described by the FCA press office as ‘supervisory work looking at firms who had increased their level of DB to DC transfers’.

Please provide the following information.

1. How many advice firms were sent an information request as part of the DB transfer advice review?
2. How many client files were collected by the FCA?
3. How many advice firms were visited as part of the review?
4. How many advice firms were asked to sign attestations to make improvements around suitability of their DB transfer advice?
5. How many firms were asked to conduct a past business review of their DB transfer advice?
6. How many financial advisers have the required permissions to conduct DB transfers? Please list this figure as at the end of each month from April 2015 to May 2016.
7. How many financial advisers have had their permissions to conduct DB transfers cancelled between 6 April 2015 and May 31 2016 ?

June 2016

Advice Unit:

I am seeking information on the Advice Unit opened by the FCA earlier this month.  Please provide the following details:

1. Any and all projections of the expected cost of the Advice Unit for as many years as these have been made.
2. The number of FCA staff dedicated to working on the Advice Unit and any and all projections for this number for as many years as they have been made.  If some or all of these staff have been relocated from other areas within the FCA, please specify where they have been relocated from.
3. The name of the FCA staff member responsible for overseeing the Advice Unit.
4. The number of firms that have worked and are working with the Advice Unit at the time this request is answered.  Please give an indication of the sizes of each of these firms in terms of staff headcount, turnover and any and all other measures of size held by the regulator.

Questions around s178 notification to our change in control team.

1. For each of the last three complete FCA business years, how many s.178 notifications (whether complete or incomplete) were received?
2. For the each of the same, how many were deemed incomplete upon initial receipt?
3. If different, the answers to (1) and (2) where the acknowledgements were issued by a Ms Julie Sait.
4. What procedures, systems, controls et cetera does the Authority have in place for assessing the completeness of a s.178 notification upon receipt?
5. Does the FCA have template letters for acknowledging (a) complete notifications, and/or (b) incomplete notifications?  If so, please may I have a copy of them.
6. What procedures, systems, controls et cetera does the FCA have in place for (a) tracking the completeness of a notification as distinct from requesting more information, and (b) requesting documents to make an application complete distinct from requests for further information in respect of the notification.
7. Whether any ‘root cause analysis’ has been undertaken of the high incidence of incomplete notifications and what proposals (if any) have been made to address this.

June 2016

FOI4567[46]

Cost of investigation into LIBOR:

I would like to request information regarding the cost of the UK Financial Conduct Authority's investigation into several major banks misconduct relating to the London Interbank Offered Rate (LIBOR).

I would like to know the cost to the FCA for each of its individual investigations into:

• Deutsche Bank
• Rabobank
• Lloyds Bank
• The Royal Bank of Scotland
• Barclays
• UBS
• ICAP
• Martin Brokers

I would like you to calculate the cost of investigating each bank, from when the FCA began each investigation, up until the date it announced each of the fines imposed on each of them.

I would like to receive my information in an electronic PDF format.

Please release everything you can up to the limit where the admin fee runs out.

Investigation into G10 spot foreign exchange (FX) trading operations:

I would like to request information regarding the cost of the UK Financial Conduct Authority's investigation into several major banks for "failing to control business practices in their G10 spot foreign exchange (FX) trading operations".

I would like to know the cost to the FCA for each of its individual investigations into:

• Citibank
• HSBC
• JPMorgan Chase Bank
• The Royal Bank of Scotland
• UBS
• Barclays

I would like you to calculate the cost of investigating each bank, from when the FCA began each investigation, up until the date it announced each of the fines imposed on each of them.

I would like to receive my information in an electronic PDF format.

Please release everything you can up to the limit where the admin fee runs out.

June 2016

Advice suitability review:

I am seeking information on the FCA’s current review of financial advice suitability. Please provide the following information:

1. The total number and names of all advice firms being assessed as part of the FCA’s current supervision exercise on the suitability of financial advice.
2. The total projected cost of this suitability review.
3. The number of firms who had submitted their ‘advice registers’ and online survey responses at the date this request is answered.
4. The number of firms who had not submitted either their advice register or their online survey by the 3 May deadline set by the FCA.
5. How many files, and of what nature –how many are related to investment recommendations, life and pensions products respectively, for example- have been collected at the date this request is answered.
6. The names and resultant cost of any and all external consultants engaged by the FCA to review firms’ advice data.

Operation Tabernula costs

1. Total external legal costs incurred by Operation Tabernula to date;
2. Total external forensic accounting or similar investigative costs incurred by Operation Tabernula to date;
3. Total amount of any other external investigative or consultancy costs incurred by Operation Tabernula to date;
4. Overall total cost of Operation Tabernula to date including estimated full time and temporary staff costs;
5. The number of full time and temporary staff engaged in each year on Operation Tabernula since it began to date.

Questions on letter FCA apparently sent to firms in relation to Panama Papers - Mossack Fonseca.

1. The number of recipients of the FCA letter regarding "ties to Mossack Fonseca or to companies formed or managed by the firm", as referred to in this Financial Times article; https://next.ft.com/content/8c9d4944-fc23-11e5-b5f5-070dca6d0a0d and in the FCA statement quoted below.
2. The total number of response submissions received from recipients of the FCA letter referred to above
3. The number of responses referenced above from recipients who found no ties to Mossack Fonseca
4. The number of responses referenced above from recipients who confirmed and detailed their ties to Mossack Fonseca
5. The number of responses referenced above from recipients who confirmed ties to Mossack Fonseca and who requested more time to disclose details of said ties.

Statement -
"The FCA has written to a number of firms about this issue, including those on our Systematic Anti-Money Laundering Programme, and we are working closely with a number of other agencies who are also looking at this. As part of our responsibility to ensure the integrity of the UK financial markets we require all authorised firms to have systems and controls in place to mitigate the risk that they might be used to commit financial crime. We have also today published our annual Business Plan which identifies financial crime and anti-money laundering activity as one of our priorities for the year."

Complaints data i.r.o. Individual Savings Accounts (ISAs) by equal 12 month time periods in 2013, 2014 and 2015.

1. The number of complaints received by firms regulated by the Financial Conduct Authority (FCA) in regard to Individual Savings Accounts (ISAs) by equal 12 month time periods in 2013, 2014 and 2015
   Apologies if the terminology is not correct but, to clarify, this in reference to the research published by the FCA which can be found at this link: http://landmark-phase.live/firms/systems-reporting/complaints-data/aggregate-complaints-data%3C/li%3E%3Cli%3EIf possible, within the terms of the terms of the Freedom of Information Act, a breakdown of the complaints received by firms regulated by the FCA regarding ISAs by equal 12 month time periods in 2013, 2014, 2015 by any category of issue used by the FCA

If it is not possible, within the time and cost restrictions of the Freedom of Information Act, to provide the number of complaints received by firms regulated by the FCA in regard to ISAs by equal 12 month time periods in 2013, 2014 and 2015, please could you provide the number of complaints received in 2014 and 2015, and if this is not possible, then the number of complaints received in 2015 only.

If it is not possible, within the time and cost restrictions of the Freedom of Information Act, to provide a breakdown, by category of issue experienced, of the complaints received by the FCA regarding ISAs by equal 12 month time periods in 2013, 2014 and 2015, please could you provide a breakdown for 2014 and 2015, and if this is not possible, then a breakdown for 2015 only.

FOI4488[57]

FOI4488 information provided[58]

Clarified 07/04:

Your interpretation is correct. I would indeed like to know:

1. the total number of individuals approved to provide financial advice in 2006 (CF30s)
2. and then the number of firms regulated to provide financial advice in 2006.

The number of registered regulated financial advisers in the UK in 2006 The number of registered regulated financial advice firms in the UK in 2006

I have looked through the old FSA and the current FCA websites but online data only goes up to 2010, and I require data going back exactly one decade.

I am very interested in the following data, if you are available to provide:

1. The total number of individual convictions (receiving custodial sentences) following investigation from FSA/FCA, for every year going as far back as possible.
   If you could provide the total number of convictions for each type of forbidden activity too (i.e. insider trading, money laundering, terrorist financing etc.) this would be very helpful.
2. Provide data on how many were convicted as part of LIBOR and the number of investigations into this.

Change in Control applications:

Individuals or companies that wish to acquire or increase control in a firm regulated by the FCA must seek the FCA's prior approval, according to the requirements of the Financial Services and Markets Act 2000 (FSMA).

In relation to such applications for approval, if the FCA rejects the approval, the individual / company seeking the approval can contest that decision and refer it to the Regulatory Transactions Committee (RTC).

It is against this context that I request the FCA to disclose the following:  

1. the number of Change of Control applications received by the FCA in 2013, 2014, and 2015 (years ending 31st December) and 2016 (to date) respectively;
2. the number of those applications received, per year, that were withdrawn by the subject firm / individual; and
3. the number of those applications received, per year, that were rejected by the FCA.

Finally, if possible within the time and cost restrictions of the Freedom of Information Act, in respect of c) is it possible to have a breakdown of those rejections per sector?  I believe the categorisation used by the FCA is C1 to C4, although I am happy to receive the data in whichever format it is held.

Senior Managers Regime:

1. An estimate of the number of individuals who will come under the Senior Managers' Regime upon its introduction on March 7 2016.
2. An estimate of the number of individuals that will be allocated to each of the prescribed responsibilities under the Senior Managers' Regime on March 7 2016 (ie list of prescribed responsibilities and number estimates to hold each of these).
3. The total number of approved persons currently registered with the FCA.

If not possible to provide all of this information within the time and cost restrictions of the Freedom of Information Act, please prioritise answering Question 1, followed by Question 2, followed by Question 3.

Adviser figures.

• The number of level 4 qualified advisers in the UK.
• The number of advisers that are qualified to advise on pension transfer.
• The number of firms authorised by the FCA to give retail investment advice.
• The number of firms authorised by the FCA to give retail investment advice and have discretionary investment management permission.

1. The total cost of work surrounding the banking culture thematic review from the date it commenced up until the date it was discontinued.
2. The projected total cost of the thematic review should it have been completed.
3. The number of FCA staff hours spent working on the review, and the projected number should it have been completed.
4. The cost of any external legal advice sought regarding the review and the number of hours billed by external legal counsel.

Please also provide a copy of the letter sent to Mark Garnier MP informing him of the decision to discontinue the review.

FOI4371[68]

FOI4371 information provided - annex a[69]

How many AIFMs are currently under investigation by the FCA for enforcement action?

What are they under investigation for?

1. How many responses the FCA has received as part of its call for input into the Financial Advice Market Review
2. How many of these came from financial service providers and how many came from intermediaries
3. How many meetings the FCA has held with industry representatives as part of the Financial Advice Market Review since it was launched and how many hours they have made up in total
4. How many of the following companies have been represented in these meetings: banks, financial advice providers, life companies, fund management companies and mortgage lenders
5. How many expert panel meetings have been held, has all the expert panel been in attendance at each meeting and did the FCA pay transport and overnight accommodation costs for the expert panel. If so, how much has it spent on this?

It was reported 31/12/2015 that the FCA has shelved its plan for an inquiry into the culture, pay and behaviour of staff in banking. No information has been published on how this decision was reached, except to say that the FCA believed it would be better "to encourage the delivery of cultural change through other routes". However, an inquiry is a work of investigation which leads to recommendations, whereas "encouraging the delivery of cultural change" implies that no investigation is needed or that it has been completed already.

Please provide an explanation of:

1. How the decision to shelve the inquiry was reached, including; 1.a any evidence that supported the decision, and specifically; 1.b how the previously perceived need for investigation has been obviated.

I'm interested in finding out how many mortgage brokers - up until the most recent date you have figures for - have applied for the relevant second charge permissions required from 21 March under the Mortgage Credit Directive.

Any other data on the trend in brokers getting ready for the changes would be greatly appreciated, but those statistics in particular would be interesting.

On what basis have you shelved plans to openly review the banking industry culture? This request if for the relevant recorded emails and minutes.

Given £60Bn of banking fines in recent years and only one conviction it is clear that the banking industry has a long way to go to demonstrate a reformed culture since the banking bailout.

As a regulator of a recently failed industry the proposal to drop a commitment to openly review banking culture appears to be an act of neglect and cover up.

Ideally if you can send me the relevant minutes and emails relating to this issue. In particular if there is any input to your process from external bodies or advisers.

The time period in question should cover the period when a change of policy was being considered or the last 6 months whichever is the shorter.

1. When did the FCA first advise a) the Bank of England b) the PRA c) HMT and d) any member of the House of Commons or the House of Lords that it was considering scrapping the publication of its report examining “whether cultural change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted upon”?

2. On what dates and with which officials of a) the Bank of England b) the PRA and c) HMT were discussions held about scrapping the publication of the FCA’s report examining “whether cultural change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted upon”?

3. What written assessments of the benefits and disadvantages of the proposed scrapping of the publication of its report examining “whether cultural change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted upon” did the FCA circulate to whom in which outside bodies for consultation on the measure and when.

4. What written comments, feedback or observations has the FCA received from a) the Bank of England b) the PRA c) HMT and d) any other outside bodies on its proposal to scrap the publication of its report examining “whether cultural change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted upon”?

FOI4350 revised response[75]

FOI4350[76]

FOI4350 information provided[77]

Whistleblowing request.

I would like to re-run a FOI request I submitted last year (ref: FOI3888) in order to obtain figures for the 2015 calendar year.

How many new whistleblowing reports were received by the FCA in the 2015 calendar year?

How many new intelligence reports were created by the FCA as a result of whistleblowing reports in the 2015 calendar year?

How many new investigations were opened by the FCA as a result of whistleblowing reports in the 2015 calendar year?

Information around investigations sent to RDC.

Further to FOI FOI3737, I would like to know:

1. In how many enforcement investigations FCA Investigators have submitted case papers to the Regulatory Decisions Committee
2. How many of those cases the RDC did not deem appropriate for further action

Could I have the data for the last two years (2014 and as much of 2015 as possible) broken down by month.

How many requests for assistance from foreign enforcement agencies has the FCA received from 1 January 2013 to 30 September 2015, via the FCA’s International Requests inbox.

Of these, how many requests did the FCA receive from US enforcement agencies?

If possible within the time and cost limits of the Freedom of Information Act please provide the information on a quarterly basis. If this is not possible please provide the data on an annual basis.

Information on SIPP

Please can I have a list of all SIPP operators that are currently regulated by the FCA. This is for companies who administer/run SIPPs.

A previous freedom of information act shows that in Q2 2015, there were 95 providers of SIPPs, but I am after a list of each of the companies. CP15/30 states (on page 90) that there are roughly 750,000 new SIPP contracts each year. I'm trying to find out how many providers are included within this specific data, how the number of new contracts are estimated and how the FCA sources this information.

I have previously contacted the FCA data team which said it was not information available.

FOI4324[82]

FOI4324 information provided[83]