Award

CON-21-190 Takedown Service

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 2 releases in its history.

Award

07 Jun 2022 at 15:05

Tender

08 Dec 2021 at 12:15

Summary of the contracting process

The Financial Conduct Authority (FCA) has concluded a procurement process for the contract titled "CON-21-190 Takedown Service," which falls under the classification of financial market regulatory services. The procurement, executed through an open procedure, aimed to secure web scanning and cybercrime disruption services to tackle investment scams affecting UK consumers. Key dates included the contract award on 1 June 2022, with a total value of £177,648. The services were intended to be delivered in Inner London, and the procurement process has now reached the award stage.

This tender offers significant opportunities for businesses, particularly those specialising in internet services and cybersecurity, to support the FCA’s mission of consumer protection against financial scams. Small and medium enterprises (SMEs) in these sectors, equipped with strong data analytical capabilities and web scraping technologies, will find this procurement an excellent fit. With the FCA's focus on combating illegal financial promotions, firms that can provide innovative solutions in this domain are well-positioned to engage in this growing market.

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Notice Title

CON-21-190 Takedown Service

Notice Description

: The FCA is looking for an internet services company to provide web scanning and cybercrime disruption services in relation to investment scams that target UK consumers. The FCA requires services that will support the FCA in its identification and take-down of websites, telephone numbers and social media accounts containing infringing content, with a particular focus on illegal financial promotions of products and services of investments or financial services. We are also looking for the third party to have strong data analytical tools that can carry out proactive monitoring and web scraping on a far reaching, speedy, industrialised basis.

Lot Information

Lot 1

The FCA is looking for an internet services company to provide web scanning and cybercrime disruption services in relation to investment scams that target UK consumers. The FCA requires services that will support the FCA in its identification and take-down of websites, telephone numbers and social media accounts containing infringing content, with a particular focus on illegal financial promotions of products and services of investments or financial services. We are also looking for the third party to have strong data analytical tools that can carry out proactive monitoring and web scraping on a far reaching, speedy, industrialised basis. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by the FCA. It is a criminal offence for an unauthorised person to carry out activities that require FCA authorisation, punishable by up to two years in prison, a fine, or both. Given the risk of serious financial harm to consumers, the promotion of such activities without authorisation is considered by the FCA to be a serious offence. The FCA currently makes requests for websites, online ads and social media accounts to be removed on an individual basis when these are identified as containing illegal financial promotions in breach of section 21 of the Financial Services and Markets Act 2000 ("FSMA") or which otherwise involve the carrying out, or purported carrying out, of regulated activities without FCA authorisation in breach of section 19 of FSMA. It also carries out its own proactive monitoring on internet search platforms, such as Google, Bing and Yahoo, for content which either constitutes an illegal financial promotion in breach of section 21 FSMA or which otherwise amounts to an activity which requires

Renewal: A further 12 month option may be available

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fe9e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015666-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66152000 - Financial market regulatory services

Notice Value(s)

Tender Value
£345,000 £100K-£500K
Lots Value
£345,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£177,648 £100K-£500K

Notice Dates

Publication Date
7 Jun 20223 years ago
Submission Deadline
10 Jan 2022Expired
Future Notice Date
Not specified
Award Date
31 May 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Contact Name
Tim Mitchell
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
+44 2070661000

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI4 Inner London - East

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

INCOPRO

Open Contracting Data Standard (OCDS)

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