Cum/ex trading strategies that pertain to dividend arbitrage - March 2021

FOI Release Date of Release:

Reference Case Number: FOI7982 response

Freedom of Information: Right to know request:

  • The number of investigations the FCA has launched into individuals for using dividend arbitrage trading strategies that breached the FCA's rules and regulations.
  • The number of investigations the FCA has launched into firms for using dividend arbitrage trading strategies that breached the FCA's rules and regulations.
  • The value of fines issued by the FCA to individuals as a result of an investigation into them using dividend arbitrage trading strategies that breached the FCA's rules and regulations.
  • The value of fines issued by the FCA to firms as a result of an investigation into them using dividend arbitrage trading strategies that breached the FCA's rules and regulations.
  • The number of enforcement actions the FCA has used on individuals for using dividend arbitrage trading strategies that breached the FCA's rules and regulations.
  • The number of enforcement actions the FCA has used on firms for using dividend arbitrage trading strategies that breached the FCA's rules and regulations.

I would like the data broken down for each of the last five years with a year-end date of 31 December or whichever year-end is most convenient. If you cannot provide data for each of the last five years, then please provide data for each of the last three years. If that is not possible, then please provide data for each of the most recent two years.

FCA response:

Refer to supporting documents below

Supporting document

FOI7982 response