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 pounds 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 pounds 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.
Section of Act/EIR and Finding: FOI 12 – Complaint Not upheld, FOI 16 – Complaint Not upheld
Citations:
[2010] UKICO FS50191904
Links:
Jurisdiction:
England and Wales
Information
Updated: 29 March 2022; Ref: scu.531348