Reference Case Number: FOI9787
Freedom of Information: Right to know request:
- The number of investigations opened by the FCA, broken down by subsector within regulated firms.
- The number of investigations closed by the FCA, broken down by subsector within regulated firms.
I would like the data for the past 5 years, broken down by year, with year-end 30th September.
FCA response:
Please note, the data provided is based on investigations relating to firms and not to individuals and excludes investigations that may have taken place relating to unauthorised businesses.
Table 1 details the number of investigations opened, broken down by subsector within regulated firms for the past 5 years.
Table 1
| Opened Cases 2017-2022 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | Total |
|---|---|---|---|---|---|---|
| Advisers and Intermediaries | 14 | 20 | 1 | 35 | ||
| Alternatives | 1 | 1 | 3 | 5 | ||
| Asset Management | 15 | 5 | 1 | 21 | ||
| Contracts for Differences (CFD) Providers | 2 | 1 | 3 | |||
| Crowdfunders (Investment) | 1 | 1 | ||||
| Custody and Fund Services | 1 | 1 | ||||
| Debt Advice Firms | 1 | 1 | 2 | |||
| E-Money Issuer | 2 | 2 | ||||
| High Cost Lenders | 6 | 2 | 8 | |||
| Life Insurance | 2 | 2 | ||||
| Lloyd`s and London Market Intermediaries (inc Managing General Agents) | 1 | 1 | ||||
| Lloyd`s Managing Agents and London Market (Re) Insurers (inc P & I Clubs) | 1 | 1 | ||||
| Motor Finance Providers | 1 | 1 | ||||
| Payment Services Firm | 1 | 1 | ||||
| Peer-to-Peer lending platforms | 1 | 1 | 2 | |||
| Personal and Commercial Lines Insurance Intermediaries | 5 | 1 | 6 | |||
| Platforms | 1 | 1 | ||||
| Principal Trading Firms | 5 | 1 | 6 | |||
| Retail Bank | 8 | 15 | 4 | 2 | 29 | |
| Retail Finance Providers | 1 | 1 | ||||
| Retail Mortgage Lenders | 3 | 1 | 4 | |||
| Wealth Management | 10 | 2 | 12 | |||
| Wholesale (Other) | 14 | 5 | 4 | 1 | 1 | 25 |
| Wholesale Bank | 7 | 1 | 1 | 1 | 10 | |
| Wholesale Brokers | 2 | 2 | ||||
| Other categories | 51 | 54 | 11 | 17 | 19 | 152 |
| Grand Total | 73 | 152 | 56 | 26 | 27 | 334 |
Table 2 details the number of investigations closed, broken down by subsector within regulated firms for the past 5 years.
Table 2
| Closed Cases 2017-2022 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | Total |
|---|---|---|---|---|---|---|
| Advisers and Intermediaries | 2 | 8 | 7 | 7 | 24 | |
| Alternatives | 1 | 1 | ||||
| Asset Management | 4 | 6 | 3 | 3 | 16 | |
| Contracts for Differences (CFD) Providers | 1 | 1 | 2 | |||
| Debt Advice Firms | 1 | 1 | ||||
| E-Money Issuer | 1 | 1 | 2 | |||
| High Cost Lenders | 3 | 2 | 1 | 1 | 7 | |
| Life Insurance | 2 | 2 | ||||
| Lloyd`s and London Market Intermediaries (inc Managing General Agents) | 1 | 1 | ||||
| Lloyd`s Managing Agents and London Market (Re) Insurers (inc P & I Clubs) | 1 | 1 | ||||
| Motor Finance Providers | 1 | 1 | ||||
| Payment Services Firm | 1 | 1 | ||||
| Personal and Commercial Lines Insurance Intermediaries | 1 | 2 | 3 | 1 | 7 | |
| Platforms | 1 | 1 | ||||
| Principal Trading Firms | 3 | 2 | 1 | 6 | ||
| Retail Bank | 1 | 4 | 2 | 6 | 13 | |
| Retail Finance Providers | 1 | 1 | ||||
| Retail Mortgage Lenders | 3 | 1 | 4 | |||
| Wealth Management | 3 | 2 | 3 | 8 | ||
| Wholesale (Other) | 11 | 4 | 3 | 1 | 19 | |
| Wholesale Bank | 4 | 3 | 2 | 3 | 12 | |
| Wholesale Brokers | 2 | 1 | 3 | |||
| Other categories | 22 | 22 | 31 | 6 | 9 | 90 |
| Grand Total | 34 | 43 | 70 | 36 | 40 | 223 |