Financial Conduct Authority
- Date 12 September 2022
- Sector Other
- Decision(s) FOI 10(1): Upheld, FOI 12: Not upheld, FOI 16(1): Not upheld
The complainant requested information from the Financial Conduct Authority (‘the FCA’) for internal documents and correspondence relating to the short selling of Gamestop stocks between December 2020 and February 2021. The Commissioner’s decision is that the FCA was entitled to aggregate the requests under section 12(4) of FOIA and to refuse to comply with the request in accordance with section 12(1) of FOIA. The Commissioner also finds that the FCA complied with its obligations under section 16 to offer advice and assistance. He finds that the FCA breached section 10(1) FOIA by failing to respond to the request within the statutory time for compliance. The Commissioner does not require the FCA to take any steps.