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1010347

registered interest
date	19/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance: EU Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether (a) he and (b) the Financial Conduct Authority plan to investigate the alleged unlicensed selling of insurance products in EU countries to UK investors by UK companies using Isle of Man subsidiaries.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	192912
answer	answer is ministerial correction date of answer 22/11/2018 answer text <p>Under EU rules, it is the responsibility of the regulator in the country where the insurance product is purchased to monitor its insurance market for unauthorised products.</p><p> </p><p>The FCA has powers to act if a firm is conducting a regulated activity in the UK without the required permission. The Government is confident in the FCA’s ability to monitor the UK insurance market and protect people who buy insurance products in the UK.</p> answering member constituency Salisbury answering member printed John Glen question first answered 22/11/2018 13:52:01 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1010348

registered interest
date	19/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Isle of Man
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will hold discussions with his Isle of Man counterpart on strengthening consumer rights and protections for UK investors who purchase (a) insurance and (b) other financial products in the (i) UK and (ii) EU from companies based in that jurisdiction; and if he will make a statement.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	192913
answer	answer is ministerial correction date of answer 22/11/2018 answer text <p>The consumer rights and protections that apply to UK consumers who purchase financial products from third countries, including the Isle of Man, will depend on the type of financial product and the relevant third country’s financial services regime.</p><p> </p><p>Under EU rules, it is the responsibility of the regulator in the country where the insurance product is purchased to monitor its insurance market. In the UK, the Financial Conduct Authority (FCA) has powers to act if a firm is conducting a regulated activity without the required permission. The Government is confident in the FCA’s ability to monitor the UK insurance market and protect consumers who buy insurance products in the UK.</p><p> </p><p>In relation to other financial products, third country investment funds wishing to market to retail consumers in the UK are assessed on a case-by-case basis by the FCA to ensure they offer adequate protection to consumers.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 22/11/2018 13:53:37 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1008452

registered interest
date	16/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the level of foreign direct investment was in the 12 months from July 2017.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	192101
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The latest ONS Balance of Payments data shows that in the year to 2018 Q2, foreign direct investment flows (net incurrence of liabilities) into the UK measured £58.1bn.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:35:28 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1007163

registered interest
date	14/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Double Taxation: Crown Dependencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department took steps to seek to include an increase in transparency for beneficial ownership registers in the negotiations for the double taxation treaties with Jersey, Guernsey and the Isle of Man.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	191479
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Beneficial ownership registers are outside of the scope of a double taxation treaty and so did not feature in the negotiations with Jersey, Guernsey or the Isle of Man. Double taxation treaties are based on the Organisation for Economic Cooperation and Development’s Model Tax Convention, which does not include beneficial ownership registers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/11/2018 15:54:53 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1006028

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many non-disclosure agreements his Department has made in relation to preparations for the UK leaving the EU.
tabling member constituency	Oxford West and Abingdon
tabling member printed	Layla Moran
uin	190947
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Government has non-disclosure agreements with some private sector organisations. Confidentiality requirements are a common element of contractual obligations and are used by departments to protect commercial considerations; to reflect the sensitive nature of some discussions; and to facilitate conversations that otherwise may not have been able to take place, due to concerns around sensitive information.</p><p> </p><p>As part of the UK’s withdrawal from the EU, HM Treasury and the UK Government as a whole continue to engage with a wide range of stakeholders.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:54:03 answering member 4051 label Biography information for John Glen
tabling member	4656 label Biography information for Layla Moran

1006115

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Ombudsman Service
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Financial Ombudsman's Annual Report 2017-18, for what reasons the Financial Ombudsman upheld the lowest rate of complaints in the last 10 years in 2017-2018.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	190951
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>This is a matter for the Financial Ombudsman Service (FOS), which is independent from Government. The FOS will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 19/11/2018 15:54:36 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1006152

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debt Collection: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has plans amend the regulation of debt collection agencies.
tabling member constituency	North Cornwall
tabling member printed	Scott Mann
uin	190922
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Government continually monitors the regulation of sectors to ensure good outcomes for consumers. Financial Conduct Authority (FCA) regulation of debt collection agencies (DCAs) provides strong protections for consumers.</p><p> </p><p>DCAs under FCA regulation have to comply with the FCA’s high-level principle to treat customers fairly, as well as offer appropriate forbearance and signpost individuals to free and impartial debt advice should a consumer be in default, or in arrears difficulty.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:34:17 answering member 4051 label Biography information for John Glen
tabling member	4496 label Biography information for Scott Mann

1006212

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Trade: Channel Islands
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the net benefits to the economy of trade with the Channel Islands.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	190821
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Channel Islands contribute significantly to UK trade. Specifically, the UK exported services worth £7.2bn, 2.6% of our total service exports, to Guernsey in 2017. As a result, they were the UK’s ninth largest services export market in 2017.</p><p>Additionally, in 2017, the UK imported services worth £4.1bn from Jersey, representing 2.5% of all UK service imports. As such, they were the UK’s ninth largest services import market.</p><p>More widely, the constitutional relationships between the UK and the Channel Islands are historic and highly valued, and there is a constructive working relationship between the UK Government and those jurisdictions.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:49:35 answering member 4051 label Biography information for John Glen
tabling member	1447 label Biography information for Andrew Rosindell

1006214

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect on the financial sector of the UK leaving the EU without a trade deal.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	190823
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>UK and EU negotiators have agreed in principle the terms of the UK’s smooth and orderly exit from the EU, as set out in the Withdrawal Agreement. We have also agreed the broad terms of our future relationship as set out in the outline Political Declaration.</p><p>We will ensure Parliament can make an informed decision and business and citizens have a clear understanding of our future relationship. The Government is undertaking a programme of analysis in support of our EU exit negotiations and preparations. The Government has confirmed that when we bring forward the vote on the final deal, we will ensure that Parliament is presented with the appropriate analysis to make an informed decision. As the Chancellor set out in his letter of 23 August to the chair of the Treasury Select Committee, the analysis will look at the economic and fiscal effects of leaving the EU.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:51:34 answering member 4051 label Biography information for John Glen
tabling member	1447 label Biography information for Andrew Rosindell

1005663

registered interest
date	12/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Iran
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the risk of liability to sanctions by the US of the Society for Worldwide Interbank Financial Telecommunication if it continues to process financial transactions from Iranian banks.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	190393
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The UK fully implements UN, EU and UK domestic sanctions law.</p><p><strong> </strong></p><p>The re-imposition of the US sanctions against Iran may have commercial and legal implications for businesses and individuals dealing with Iran.</p><p><strong> </strong></p><p>It is a commercial decision for businesses, including the Society for Worldwide Interbank Financial Telecommunication, to decide on their own risk appetite and to take into account the costs of managing those risks.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/11/2018 15:52:02 answering member 4051 label Biography information for John Glen
tabling member	1536 label Biography information for Emily Thornberry