The Freedom of Information Act 2000 became law on 30 November 2000.
The Act does two main things:
1. It gives applicants a general right of access to all types of recorded information held by public authorities, although there are some procedural and substantive limitations
2. It imposes an obligation on public authorities, to produce and maintain a Publication Scheme approved by the independent Information Commissioner.
As a Limited Company wholly owned by HM Treasury, UKFI is meeting the Freedom of Information Act requirements set out above.
UKFI publish information on the decisions we take on our website, and more information on our investee companies can be found on their websites. It is possible that the information you seek may already be published and, before making a request, you should check whether the information you require is already published.
If you cannot find what you want, you can submit a request by letter to:
UK Financial Investments Ltd
100 Parliament Street
London SW1A 2BQ
Alternatively, you can email us on our enquiries address:
In making a request you need to:
It is also helpful if you:
The Information Commissioner’s Office (ICO) is the UK’s independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals. The ICO’s website includes more information and guidance about making a request under the Freedom of Information act.
We will provide advice and assistance wherever that would be helpful.
We will acknowledge receipt of your request.
We have a statutory obligation to reply within 20 working days.
We will tell you whether or not we hold the information requested.
We will provide the information requested unless:
If the last judgment is complex, the Act provides for extra time to be taken and we would notify you if that is needed.
We will keep you notified of progress where appropriate, and justify any refusal to you.
Requests for information related to environmental matters is likely to be dealt with under the Environmental Information Regulations; these provide very similar rights.
Requests for your own personal data will be dealt with as ‘subject access requests’ under the Data Protection Act.
If you are dissatisfied with the handling or the outcome of your request, you should write within two months to the UKFI enquiries unit as above.
We will ensure a fresh look at the entire case and write to you to explain the outcome. We will also tell you how to take your concerns to the Information Commissioner, if you remain dissatisfied.
Under Section 19 of the Act all public authorities are required to adopt and maintain a Publication Scheme.
In 2008 the Information Commissioner produced a new model publication scheme for Departments. You can read more about the Information Commissioner’s intentions on his website.
The Information Commissioner has recognised that, since 2002, structured websites have come to perform much of the function that the Publication Scheme was originally intended to fulfill. For UKFI, the public website is the source of all information covered by the model publication scheme.
The model publication scheme defines Classes of Information that Authorities should publish, as follows:
The UKFI Annual Report will be the principal source for strategic information under the first four classes, which can be found on our publications page: Publications
Further information about how we make decisions and our policies and procedures is contained in the ‘About us’ section of the website and in our introductory publication which includes our Framework Document for how we will work with HM Treasury and our Investee Companies.
We do not have statutory responsibilities for Lists and Registers, and UKFI is not generally directly involved in service provision. FOI service is an exception, where we will provide services as set out above.
Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).
Dividend payment received today
UKFI announces that HMT will today receive c.£130m in dividend payments, in respect of its shareholding in Lloyds Banking Group Plc. This takes total proceeds received from the Government’s investment in LBG to £16.888bn.