The following Financial Services guidance note provides comprehensive and up to date legal information covering:
This Practice Note considers the implications of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) being within the remit of the Freedom of Information Act 2000 (FIA 2000). It supplements general notes on freedom of information and does not contain detailed information on FIA 2000 requests or responses. Specifically, this Practice Note considers issues for firms where the regulators could disclose information which a firm considers to be commercially sensitive or confidential. For further information, see Lexis®PSL IP and IT Practice Notes: Compliance with a freedom of information request, Absolute exemptions to a freedom of information request and Freedom of information request—flowchart.
For the purposes of FIA 2000, the PRA and the FCA are designated as a public authority, which means the public can make requests to the either or both regulators for disclosure of the recorded information it keeps.
Information on the FCA's policies and procedures on FIA requests can be found on the FCA's website and includes:
the FCA's publication scheme guide to information, explaining the publication scheme that the FCA is required to publish and maintain under FIA 2000
the FCA's webpage FCA and the Freedom of Information Act
the FCA's Freedom of Information Act Fees Statement which includes information on how to make a freedom of information request, and
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.