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Financial Conduct Authority

  • Date 6 October 2022
  • Sector Other
  • Decision(s) FOI 17(3): Upheld, FOI 31(1): Not upheld, FOI 42: Not upheld, FOI 44: Not upheld

The complainant has requested information relating to a “lessons-learned exercise” conducted by the Financial Conduct Authority’s (FCA) Risk and Compliance Oversight Division. The FCA provided the complainant with a redacted copy of the requested information. The FCA relied on sections 31(1)(g), 40(2), 42 and 44(1)(a) of FOIA to withhold the redacted information. The complainant has not challenged the FCA’s reliance on section 40 of FOIA. The Commissioner’s decision is that the FCA was entitled to rely on sections 31(1)(g), 42 and 44(1)(a) to withhold the redacted information. However, the Commissioner has recorded a procedural breach of section 17(3) of FOIA, as the FCA failed to complete its deliberations on the balance of the public interest within a reasonable time. The Commissioner does not require the public authority to take any steps as a result of this decision notice.