Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

data on uk regulated firms lost by regulator

28 Oct 13

Data on UK-regulated firms has gone missing because Financial Conduct Authority staff have been victims of crime, the regulator has revealed.

Data on UK-regulated firms has gone missing because Financial Conduct Authority staff have been victims of crime, the regulator has revealed.

On one occasion, the information lost was linked to a recent investigation, it was confirmed, after the City watchdog released information about the data it had lost over the last five years.

The FCA said that over six occasions, close to 20 paper documents had gone missing, adding that each time the records were stolen from members of staff rather than being mislaid by the regulator.

“In all of the instances, the members of staff were victims of crime with bags being stolen in public places,” an FCA spokesman said.

“In one instance the lost information did relate to a recent investigation. The firm was notified of the loss in accordance with our procedures.”

According to the FCA’s security guidelines, the information the regulator holds is split into three categories according to its sensitivity. Information deemed “restricted” would “cause embarrassment” to the FCA or a regulated firm or person if it got into public hands, but the watchdog said that none of information lost was “particularly sensitive”.

 

Tags: FCA

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latest news

    FCA sets sights on ‘poor value’ closed legacy pension funds

    Crypto regulation

    Latest news

    FCA publishes landmark crypto rules

  • Insights

    Utmost calls for government to tackle tax regime before reviving ‘golden visa’

    Japan

    Asia

    Lombard Odier Group announces Alpha Japan collaboration


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.