The BBC is reporting the results of a Freedom of Information Act request it has made to OFSI.
The response itself is not currently on the website of either OFSI or HM Treasury.
The BBC is reporting the following statistics:
- 52 investigations opened since December 2022
- 15 of those have been concluded with no further action taken; and
- 37 of the investigations are ongoing.
As per our earlier post, in an earlier Freedom of Information response OFSI confirmed that as of April 2024 it had started 12 investigations of which 9 had been discontinued without action taken.
As such 40 new oil price cap investigations have been started since April 2024.
Since April six investigations have been concluded.
Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.
