FCA publishes database price list
The FCA has published the full price list of its database, with marketing companies taking out a weekly subscription to its firms' and individuals' data being charged almost £18,000 a year.
The regulator has allowed companies to buy data from its register for several years.
According to industry news website FTAdviser.com, the FCA was paid £887,465 for data from its register between April 2022 and March 2023.
The data can be ordered as a weekly or monthly subscription or as a single, one-off copy. The download service carries two annual charges - one for the regulator's distribution partner Spectrum Data Management and one for the FCA.
SDM charges £1,814.40 for weekly and £1,128.33 for monthly downloads. Data on individuals carries an additional charge of £226.80.
For example, ordering the FCA firms’ data for compliance purposes on a weekly basis would incur a total cost of £4,413.40: £1,814.40 payable to SDM and £2,599 payable to the FCA.
When purchasing a one-off data download, there are also two charges. In addition to the FCA fee (listed below), SDM charge a fixed fee of £100 which applies equally to both the firms' data or firms' and individuals' data downloads.
For example, ordering a one-off data download of the FCA firms’ data for reseller use would incur a total cost of £11,125: £100 payable to SDM and £11,025 payable to the FCA.
FCA database price list (All prices are FCA charges only and are annual charges and exclude VAT.)
Weekly monthly single
Firms data only
FCA compliance: own business £2,599 £1,444 Not available
Other: own business £9,445 £7,219 £6,012
Reseller use £9,445 £7,219 £6,012
Firms and individuals data
FCA compliance: own business £8,663 £5,408 Not available
Other: own business £17,840 £13,514 £11,025
Reseller use £17,840 £13,514 £11,025
The FCA said publishing the price list forms part of its information publication scheme, which it is required to publish and maintain under the Freedom of Information Act, as it is a public authority. The publication scheme must set out the types of information it publishes, the way it’s published and whether the FCA charges for providing it.