Reference Case Number: FOI11797
Freedom of Information: Right to know request:
1. Provide the following information on Enforcement Investigations:
a) number of enforcement cases opened from 1 March 2024 – 31 October 2024.
b) number of enforcement cases closed from 1 March 2024 – 31 October 2024.
c) Average case duration for enforcement cases closed between 1 March 2024 – 31 October 2024.
2. In relation to the FCA letter to the Financial Services Regulation Committee on 31 March 2024 "we had a total of 500 investigations underway, broken down as 336 investigations into individuals and 164 investigations into firms"; provide total number of cases open at the end of 31 October 2024 into firms and individuals, broken down by primary issue under investigation. Categories requested are set out in our response. [You don’t need to list the categories as these are set out in the Answer]
3. FCA's enforcement data for 2023/24 records 188 enforcement operations open as of 31 March 2024; provides number of enforcement operations open as of 31 October 2024, split between the number of firms and individuals.
4. Provide a breakdown of the number of investigations for suspected regulatory breaches for the following categories, including how many remained open as at 31 October 2024:
a) SMFs (identifying the senior management function(s) the individual was approved to perform)
b) Certified staff
c) other Conduct Rules staff members, during each quarter since Q1 2019 up to Q3 2024.