Reference Case Number: FOI6823
Freedom of Information: Right to know request:
I would like to know the number of cases the FCA has, and is currently, investigating, regarding businesses illegally 'accepting deposits,' breaching the Financial Services and Markets Act 2000.
For clarity, I mean cases where deposits are taken, held to earn interest and lent to others, without permission to do so, outside the scope of a businesses' permission.
In the same set of data I would like to know how many of these businesses are no longer operating, are insolvent or in administration.
If it can be provided within the cost limits of the act I would also ask that if these cases include figures for customer claims against company records, I believe they're usually recorded as non-preferential creditors in administrator's reports, that they be provided.
Please provide this as an annual figure, with breakdowns for each case.
Because of the amount of material I am asking for I suggest limiting my request from 2018-2019, up to the most recent set of data available.
FCA response:
Please refer to supporting document