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1149881

registered interest
date	16/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority's consultation entitled, CP19/22: Restricting the sale to retail clients of investment products that reference cryptoassets, what the evidential basis is for the statement that the majority of investors in Exchange Traded Notes which reference cryptoassets were likely to suffer a loss over the long-term.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	948
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 490 496 497 498 500 question first answered 21/10/2019 15:14:19 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149423

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many formal complaints the Financial Conduct Authority has received from consumers in relation to the (a) sale and (b) distribution of Exchange Traded Notes that reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	488
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 490 496 497 498 500 948 question first answered 21/10/2019 15:14:18 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149425

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many consultation responses the Financial Conduct Authority has received in opposition to the proposals in the consultation entitled, CP19/22 prohibiting the sale to retail clients of investment products that reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	490
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 496 497 498 500 948 question first answered 21/10/2019 15:14:18 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149432

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the evidential basis was for the Financial Conduct Authority statement in its consultation that Exchange Traded Notes that reference cryptoassets present risks to investors that are similar to Contract for Difference products which reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	497
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 490 496 498 500 948 question first answered 21/10/2019 15:14:18 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149433

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason the Financial Conduct Authority's cost benefit analysis in its consultation entitled CP19/22: Restricting the sale to retail clients of investment products that reference cryptoassets did not include the benefits of Exchange Traded Notes that reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	498
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 490 496 497 500 948 question first answered 21/10/2019 15:14:18 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies

1149436

registered interest
date	15/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority's (FCA) consultation CP19/22: Restricting the sale to retail clients of investment products that reference cryptoassets, what the evidential basis was for the statement that the FCA had seen poor outcomes from the limited products currently available on EU trading venues in relation to Exchange Traded Notes that reference cryptoassets.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	500
answer	answer is ministerial correction date of answer 21/10/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent of government. The question has been passed to the FCA.</p><p>The FCA will reply directly to Philip Davies MP by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 488 490 496 497 498 948 question first answered 21/10/2019 15:14:19 answering member 4051 label Biography information for John Glen
tabling member	1565 label Biography information for Sir Philip Davies