From FOIwiki
Jump to navigationJump to search

Decision Summary

  • Case Ref: FS50191904
  • Date: 8 March 2010
  • Public Authority: Financial Services Authority
  • Summary: The complainant submitted four requests to the Financial Services Authority (FSA) all of which focussed on the involvement of Aberdeen Asset Management Ltd in split capital investments, and the FSA’s subsequent investigation into such investments. The FSA complied with the first request but refused the remaining requests on the basis that the aggregated cost of complying with them was estimated to exceed the appropriate cost limit of £450. The Commissioner has considered the circumstances of this refusal and has concluded that the requests are sufficiently ‘similar’ to entitle the FSA to aggregate the cost of complying with them. Furthermore, the Commissioner is satisfied that the FSA has provided a reasonable estimate which demonstrates that the cost of complying with any one of these three requests would exceed £450 and thus the FSA is entitled to refuse to fulfil any of the three remaining requests. The Commissioner is also satisfied that the FSA fulfilled its obligation under section 16 of the Act to provide advice and assistance.
  • View PDF of Decision Notice: [1]