Financial Conduct Authority

(asked on 29th March 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what data his Department holds on the number of people who have successfully sued the Financial Conduct Authority (FCA) using the bad faith or human rights carve-outs to the FCA's exemption from civil liability, set out in paragraph 25(3) of Part 4 of Schedule 1ZA of the Financial Services and Markets Act 2012.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 17th April 2023

The government is not aware of any occasion where the FCA has been successfully sued for damages in the discharge of its functions.

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