FCA admits not holding central record of fund suspensions - reports

clock • 1 min read

The Financial Conduct Authority (FCA) has told the FT that it does not keep a record of investment fund suspensions.

FTfm reported that it asked the FCA to provide data on the frequency of fund suspensions under the Freedom of Information Act. In its response, the regulator declined to provide the information requested but FTfm said it appealed that decision and asked for a review. Following an internal review, the FCA told FTfm that it "does not hold any central record or ‘index' detailing" regarding fund suspensions. In a statement to FTfm, the regulator said: "The information sought in your request has not been stored in a way that would make it easily identifiable without reviewing each piece...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA: Consumer investment product disclosure system 'not working'

FCA: Consumer investment product disclosure system 'not working'

FCA rules are expected in late 2025

Michael Nelson
clock 11 September 2025 • 2 min read
FCA social media crackdown: Three 'finfluencers' make first court appearance

FCA social media crackdown: Three 'finfluencers' make first court appearance

Case brought as part of FCA-led global crackdown on illegal promotions

Jenna Brown
clock 10 September 2025 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 03 September 2025 • 1 min read