FCA admits not holding central record of fund suspensions - reports

Head of regulator prepares to move to BoE

The Financial Conduct Authority (FCA) has told the Financial Times that it does not keep a record of investment fund suspensions.

FTfm reported that it asked the FCA to provide data on the frequency of fund suspensions under the Freedom of Information Act. In its response, the regulator declined to provide the information requested but FTfm said it appealed that decision and asked for a review. Following an internal review, the FCA told FTfm that it "does not hold any central record or 'index' detailing" regarding fund suspensions. In a statement to FTfm, the regulator said: "The information sought in your request has not been stored in a way that would make it easily identifiable without reviewing each piece...