Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Rob Terry of Quindell (QPP) did a soft interview with BRR on 8 March 2014. You know the sort where the company pays to be asked easy questions. When asked about a full listing (which failed today see HERE) and how long it would take Terry said:
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Jsforum
The explanation in today’s FT (page 20) is a bit less sensationalist.
mjnandrew
27 June 2014
Freedom of Information: Right to know request
Thank you for your request under the Freedom of Information Act 2000 (‘the Act’), for
information (in summary) relating to Roble S.L.
I confirm that we hold information that falls within the scope of your request. However, we are
not able to give it to you because this is confidential information which was received by us for
the purposes of carrying out our regulatory work under the Financial Services and Markets Act
2000. This means that this information is exempt from disclosure under section 44
(Prohibitions on Disclosure) of the Act. For a more detailed explanation as to why this
exemption applies please refer to the annex, below.
I realise that you may be disappointed with this decision but I hope you understand why we
are not able to give it to you.
Yours sincerely
Information Access Team
Your right to complain under the FoI Act
If you are unhappy with the decision made in relation to your request, you have the right to request an internal
review. If you wish to exercise this right you should contact us within three months of the date of this response.
If you are not content with the outcome of the internal review, you also have a right of appeal to the Information
Commissioner at Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF.
Telephone: 01625 545 700. Website: www.ico.org.uk
Annex A
Section 44 (Prohibitions on disclosure)
Section 44(1)(a) of the Act provides that information is absolutely exempt if its
disclosure (otherwise than under the Act) is prohibited by or under any enactment.
Section 348 of FSMA restricts the FCA from disclosing “confidential information” it has
received except in certain limited circumstances (none of which apply here).
Confidential information for these purposes is defined as non-public and non-anonymised
information which relates to the business or other affairs of any person and which was
obtained by the FCA for the purposes of, or in the discharge of, any of its functions under
FSMA and which is not in the public domain. Disclosure of any such confidential
information is in breach of section 348 of FSMA and is a criminal offence.
In this case, the information received by the FCA was received for the purpose of
carrying out our regulatory functions and so falls within Section 348. Consequently the
FCA is prohibited from disclosing it to you.
Section 44 is an “absolute” exemption, and so it is not necessary to balance the public
interests for and against disclosing the information.