Summary: The complainant has requested information relating to any investigation that the Financial Conduct Authority (FCA) conducted into the marketing of a particular investment product by a named company. The FCA refused to confirm whether or not any information was held. It relied on section 43(3) to do so. This was on the basis that confirming or denying the information was held, and therefore whether there had been any investigation, would be likely to prejudice the commercial interests of the company now managing that fund. The Commissioner-™s decision is that the FCA has dealt with the request correctly and therefore he does not require the public authority to take any further action in relation to the request.
Section of Act/EIR & Finding: FOI 43 - Complaint Not upheld