Summary: The complainant has requested information relating to the Financial Conduct Authority (FCA)-™s review of Keydata Investment Services Ltd (Keydata)-™s traded life policy investments and the distribution of them by independent financial advisers. The FCA responded by claiming that it was not obliged to comply with the information requests by virtue of section 12(1) (appropriate limit) of FOIA. The Commissioner-™s decision is that the FCA failed to act on the complainant-™s intended alternative reading of the requests, referred to as (B) in the body of the notice at paragraph 18. He has therefore found that the FCA breached section 1(1) (rights of access) of FOIA and requires the FCA to process the alternative reading under the legislation and issue an appropriate response.
Section of Act/EIR & Finding: FOI 1 - Complaint Upheld