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1698430

registered interest
date	25/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	No-interest Loans Scheme: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to expand the pilot No Interest Loan Scheme to Northern Ireland.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	20205
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>The government funded No Interest Loan Scheme (NILS) is being run by Fair4AllFinance, in conjunction with their partners. The pilot is designed to test the impact that NILS could have on addressing the needs of vulnerable consumers across the UK.</p><p> </p><p>Fair4AllFinance have now rolled out the pilot in England, Scotland and Wales. Fair4AllFinance will continue to engage closely with stakeholders, including the Northern Ireland Executive, in an effort to deliver our shared ambition to launch a pilot site in Northern Ireland.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 15/04/2024 11:29:05 answering member 4639 label Biography information for Bim Afolami
tabling member	1409 label Biography information for Mr Gregory Campbell

1697852

registered interest
date	21/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Standards
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to publish a report on the impact of Consumer Duty on consumer contact with financial services firms in the 12 months since it's establishment.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	19809
answer	answer is ministerial correction date of answer 26/03/2024 answer text <p>The Government has no plans to publish a report on the impact of the Consumer Duty.</p><p> </p><p>The Consumer Duty was introduced by the Financial Conduct Authority (FCA), which is operationally independent from Government and is directly accountable to Parliament for how it carries out its functions. The FCA has committed to monitoring the outcomes experienced by different consumer groups, including those in vulnerable circumstances, to check they are not being disadvantaged as a result of the Duty. It also publishes information about the implementation of the Consumer Duty by firms, including examples of good practice and areas for improvement, on its website: https://www.fca.org.uk/firms/consumer-duty</p><p> </p><p>The Financial Services and Markets Act 2023 introduced a new requirement on the financial services regulators to keep their rules under review, and to publish a statement of policy for how they conduct rule reviews. The FCA’s rule review framework can be found at: <a href="https://www.fca.org.uk/publications/corporate-documents/our-rule-review-framework" target="_blank">https://www.fca.org.uk/publications/corporate-documents/our-rule-review-framework</a>.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 26/03/2024 15:42:29 answering member 4639 label Biography information for Bim Afolami
tabling member	1409 label Biography information for Mr Gregory Campbell

1695756

registered interest
date	13/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Chelsea Football Club
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what progress the Financial Sanctions Implementation Office has made on establishing the foundation to manage and distribute monies from the proceeds of the sale of Chelsea FC.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	18399
answer	answer is ministerial correction date of answer 18/03/2024 answer text <p>The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We are working hard to reach an arrangement that delivers this money to humanitarian causes in Ukraine as quickly as possible.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 18/03/2024 15:34:13 answering member 4639 label Biography information for Bim Afolami
tabling member	1409 label Biography information for Mr Gregory Campbell