FCA publishes database worth record



The FCA has revealed the complete worth record of its database, with advertising corporations taking out a weekly subscription to its companies’ and people’ knowledge being charged virtually £18,000 a yr.

The regulator has allowed corporations to purchase knowledge from its register for a number of years.

In keeping with business information web site FTAdviser.com, the FCA was paid £887,465 for knowledge from its register between April 2022 and March 2023.

The info might be ordered as a weekly or month-to-month subscription or as a single, one-off copy. The obtain service carries two annual costs – one for the regulator’s distribution associate Spectrum Information Administration and one for the FCA.

SDM costs £1,814.40 for weekly and £1,128.33 for month-to-month downloads. Information on people carries a further cost of £226.80.

For instance, ordering the FCA companies’ knowledge for compliance functions on a weekly foundation would incur a complete price of £4,413.40: £1,814.40 payable to SDM and £2,599 payable to the FCA.

When buying a one-off knowledge obtain, there are additionally two costs. Along with the FCA payment (listed beneath), SDM cost a set payment of £100 which applies equally to each the companies’ knowledge or companies’ and people’ knowledge downloads.

For instance, ordering a one-off knowledge obtain of the FCA companies’ knowledge for reseller use would incur a complete price of £11,125: £100 payable to SDM and £11,025 payable to the FCA.

FCA database worth record (All costs are FCA costs solely and are annual costs and exclude VAT.)

                                                      Weekly       month-to-month      single

Corporations knowledge solely

FCA compliance: personal enterprise        £2,599       £1,444       Not out there

Different: personal enterprise                       £9,445       £7,219       £6,012

Reseller use                                    £9,445       £7,219       £6,012

Corporations and people knowledge

FCA compliance: personal enterprise        £8,663       £5,408       Not out there

Different: personal enterprise                       £17,840      £13,514      £11,025

Reseller use                                    £17,840      £13,514      £11,025

The FCA stated publishing the value record varieties a part of its data publication scheme, which it’s required to publish and preserve underneath the Freedom of Data Act, as it’s a public authority. The publication scheme should set out the varieties of data it publishes, the way in which it’s revealed and whether or not the FCA costs for offering it. 


 

 



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