Advice given to UK local councils

Our Ref: PC51037.ISS01016967

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Dear Mr Foomer

Thank you for your email dated 18 May 2009 which was addressed to our Information Access Team. Your correspondence has been passed to the Customer Contact Centre to respond.

Your enquiry

I understand from your email that you would like to know what advice was given to local councils regarding the safety of their deposits in UK building societies.

The role of the Financial Services Authority (FSA)

The FSA is an independent body set up by government to regulate financial services and protect the rights of customers of the firms we regulate. Our regulation of financial services covers (among others) deposits, investments, mortgages and insurance. We do not advise local councils on where to place their deposits or how safe these deposits are.

Yours sincerely

M Broadhurst
Customer Contact Centre
Financial Services Authority
Consumer Helpline: 0845 602 2185 (call rates may vary)
www.moneymadeclear.fsa.gov.uk
Get clear, impartial information from the UK's financial watchdog.
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The Financial Services Authority (FSA)
25 The North Colonnade,
Canary Wharf,
London
E14 5HS
United Kingdom
Registered as a Limited Company in England and Wales No.1920623.
Registered Office as above
Switchboard: 020 7066 1000
Web Site: http://www.fsa.gov.uk
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