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1109928
registered interest false more like this
date less than 2019-04-05more like thismore than 2019-04-05
answering body
Department for Digital, Culture, Media and Sport more like this
answering dept id 10 more like this
answering dept short name Digital, Culture, Media and Sport more like this
answering dept sort name Digital, Culture, Media and Sport more like this
hansard heading Civil Society: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Digital, Culture, Media and Sport, if he has made an estimate of funds that will be made available to the civil society sector under the Dormant Assets Scheme. more like this
tabling member constituency Croydon North remove filter
tabling member printed
Mr Steve Reed more like this
uin 241433 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-10more like thismore than 2019-04-10
answer text <p>The dormant assets scheme has already distributed over £600m for the benefit of good causes. The Dormant Assets Commission, which reported on the feasibility of expanding the scheme in 2017, estimated that there may be up to £2bn of additional dormant assets that could be transferred into the scheme. This could significantly increase the quantity of funds available for good causes across the country.</p><p> </p><p>Building on the work of the Commission, and supported by HMT and DCMS, four senior industry leaders published a blueprint in April 2019 for broadening the scheme to include assets from the insurance and pensions, investment and wealth management, and securities sectors. Quantifying dormancy was not within the scope of this work.</p> more like this
answering member constituency Eastleigh more like this
answering member printed Mims Davies more like this
question first answered
less than 2019-04-10T15:13:55.3Zmore like thismore than 2019-04-10T15:13:55.3Z
answering member
4513
label Biography information for Mims Davies more like this
tabling member
4268
label Biography information for Steve Reed more like this
1110006
registered interest false more like this
date less than 2019-04-05more like thismore than 2019-04-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading London Capital & Finance: Insolvency more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the collapse of London Capital & Finance Ltd. more like this
tabling member constituency Croydon North remove filter
tabling member printed
Mr Steve Reed more like this
uin 241437 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-10more like thismore than 2019-04-10
answer text <p>The Government takes very seriously the failure of London Capital and Finance (LCF). On 1 April, I wrote to the Chair at the Financial Conduct Authority, Charles Randell, to say I will use powers under the Financial Services Act 2012 to direct the FCA to launch an investigation into the events at LCF and the circumstances surrounding them. This followed a request to me from Charles Randell to launch such an investigation.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2019-04-10T15:20:43.327Zmore like thismore than 2019-04-10T15:20:43.327Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4268
label Biography information for Steve Reed more like this