Financial Conduct Authority

The complainant has requested information as to whether the Financial Conduct Authority (FCA) has investigated an alleged breach by a financial firm regulated by the FCA. The FCA refused to confirm or deny whether it held this information on the basis of section 31(1) and (3) and 43(2) and (3). The Commissioner’s decision is that the FCA has correctly applied the exclusion in section 43(3) to neither confirm nor deny if the information is held. She requires no steps to be taken.