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931398

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Scottish Limited Partnerships: Fines
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many fines have been levied against Scottish Limited Partnerships for failing to register a Person of Significant Control in each month since the relevant regulations came into force.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	157783
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>No Scottish Limited Partnerships (SLPs) have been fined since the People with Significant Control register came into force.</p><p> </p><p>Compliance is Companies House’s primary aim, rather than prosecution. It is taking action to ensure that all SLPs report their PSC information. Companies House is actively engaged with SLPs and their representatives to make them aware of their responsibilities, and in addition, it has issued reminder letters to all SLPs who have failed to file PSC information. Failure to comply with the requirement to report PSC information does not incur a civil penalty but it is an offence and may lead to result in a fine or imprisonment upon prosecution. Companies House is not a prosecuting body and will refers cases to a relevant prosecutor when all other avenues have been exhausted and an SLP has not complied with their obligations.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:28:35 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4430 label Biography information for Alison Thewliss

931399

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Scottish Limited Partnerships
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish limited partnerships qualify under the terms of the (a) Scottish Partnerships (Register of People with Significant Control) Regulations 2017 and (b) Companies and Partnerships (Accounts and Audit) Regulations 2013.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	157784
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>As of 26 June 2018, there are 33,141 Scottish Limited Partnerships (SLPs) registered with Companies House. All registered SLPs are eligible under the terms of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017.</p><p> </p><p>The above regulations also require a Scottish Qualifying Partnership (SQP) to register with Companies House and deliver information concerning its People with Significant Control (PSC). An SQP is a general partnership constituted under the law of Scotland that is a qualifying partnership under the Partnership (Accounts) Regulations 2008. As of 26 June 2018, 592 SQPs have delivered PSC information to Companies House.</p><p> </p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:34:29 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4430 label Biography information for Alison Thewliss

931402

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Scottish Limited Partnerships: Fines
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what the value was of fines levied against Scottish Limited Partnerships for failing to register a Person of Significant Control in each month since the relevant regulations came into force.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	157785
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>No Scottish Limited Partnerships (SLPs) have been fined since the People with Significant Control register came into force.</p><p> </p><p>Compliance is Companies House’s primary aim, rather than prosecution. It is taking action to ensure that all SLPs report their PSC information. Companies House is actively engaged with SLPs and their representatives to make them aware of their responsibilities, and in addition, it has issued reminder letters to all SLPs who have failed to file PSC information. Failure to comply with the requirement to report PSC information does not incur a civil penalty but it is an offence and may lead to result in a fine or imprisonment upon prosecution. Companies House is not a prosecuting body and will refers cases to a relevant prosecutor when all other avenues have been exhausted and an SLP has not complied with their obligations.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:29:31 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4430 label Biography information for Alison Thewliss

931423

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Business
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has had discussions with businesses on their concerns on the effect on supply chains of the UK leaving the EU.
tabling member constituency	Blackburn
tabling member printed	Kate Hollern
uin	157771
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>Since the referendum, the Department has engaged with over 2500 businesses and representative organisations across sectors, both here and in Europe, to deepen our understanding of the key business priorities and opportunities after our withdrawal. This dialogue has included hearing businesses views on supply chain preparedness and on the importance of issues such as the need for an Implementation Period.</p><p> </p><p>The agreement on the Implementation Period gives businesses, particularly SMEs, the clarity and confidence that market access and common regulatory rules will remain in place until the end of 2020, meaning businesses will be able to trade on the same terms as now and that businesses will have the time to respond to one set of changes.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:30:02 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4363 label Biography information for Kate Hollern

931449

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, which body has responsibility for monitoring the good governance of the recognised professional bodies.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157596
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>The Insolvency Service, an executive agency of the Department of Business, Energy and Industrial Strategy, regulates the Recognised Professional Bodies on behalf of my rt. hon. Friend the Secretary of State.</p><p> </p><p>The Recognised Professional Bodies, when discharging their regulatory functions, are required to act in a way which is compatible with statutory regulatory objectives. The Insolvency Service has a range of powers exercisable against the Recognised Professional Bodies if these objectives are not met.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:27:33 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins

931452

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish a table showing the number of (a) individuals and (b) firms licenced by each of the recognised professional bodies.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157597
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>The number of insolvency practitioners licensed by each of the 5 Recognised Professional Bodies is published every year as part of The Insolvency Service’s ‘Annual Review of Insolvency Practitioner Regulation’. The most recent report was published on 11 May 2018 and is available on <a href="http://gov.uk/" target="_blank">Gov.uk</a></p><p> </p><p>Only individuals, not firms, can be licensed to act as insolvency practitioners.</p><p> </p><p>The Insolvency Service maintains a public register of insolvency practitioners, including the names of firms, which is available online.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:30:33 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins

931453

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Professional Organisations
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to amend the Companies Act 2006 to reduce the number of recognised supervisory bodies.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157598
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>The Department for Business, Energy and Industrial Strategy has no such plans. The Recognised Supervisory Bodies have an important role in approving and registering statutory auditors, inspecting their work and investigating possible instances of professional misconduct. The Financial Reporting Council (FRC) oversees the work of RSBs and has particular responsibilities of its own where there is a public interest in an independent body fulfilling these tasks.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:30:50 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins

931456

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency: Ombudsman
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if will amend the insolvency legislation to provide for an independent ombudsman to advise on disputes.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157599
answer	answer is ministerial correction date of answer 03/07/2018 answer text <p>The insolvency of a party will not necessarily prevent the use of existing dispute resolution mechanisms such as mediation and arbitration. If, however, insolvency related remedies are sought, for example in relation to claims against directors, preference claims, claims to set aside transactions at undervalue, steps will need to be undertaken to ensure appropriate authority is provided by the court.</p><p>Insolvency practitioners deal with a number of conflicting interests and their authorising bodies cannot intervene in, or adjudicate upon, disputes of a commercial or legal nature. Ultimately, it is for the Courts to adjudicate upon commercial disputes and disagreements about the application of insolvency law.</p><p>Where there are concerns about the actions of an insolvency practitioner, these should in the first instance be raised directly with the practitioner. If this fails to resolve the matter, then a complaint can be made through the Insolvency Service’s Complaints Gateway at: <a href="https://www.gov.uk/complain-about-insolvency-practitioner" target="_blank">https://www.gov.uk/complain-about-insolvency-practitioner</a>. In June 2013, we established this new gateway to provide a single point of entry for complaints about insolvency practitioners following collaborative discussions between the Insolvency Service and the bodies that authorise insolvency practitioners. The Gateway handles circa 700 complaints annually.</p><p>Given the existing options for resolving disputes, I am not proposing to make any changes at this time.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 03/07/2018 14:19:13 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins

931458

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Companies: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish a list of the (a) public, (b) private, (c) self-regulatory and (d) other bodies which have regulatory responsibility for enforcing compliance with the Companies Act 2006.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157600
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>The following UK bodies have regulatory responsibility for enforcing compliance with the Companies Act 2006:</p><p> </p><p><strong>Public Bodies (under the Government Resources and Accounts Act 2000):</strong></p><p>Companies House</p><p>Financial Reporting Council</p><p>Insolvency Service</p><p> </p><p><strong>Other:</strong></p><p>Association of Chartered Certified Accountants</p><p>Chartered Accountants Ireland</p><p>Institute of Chartered Accountants in England and Wales</p><p>Institute of Chartered Accountants of Scotland</p><p>Takeover Appeal Board</p><p>Takeover Panel</p><p> </p><p>This answer does not consider obligations on companies and other businesses generally such as employment regulation, environmental regulation or for reasons of public safety, or those bodies that have general responsibilities in respect of criminal investigations and prosecutions. The categorisation of bodies reflects the categorisation used for government accounting purposes and the application of the requirements of managing public money.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:31:23 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins

931460

registered interest
date	26/06/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish a list of the (a) public, (b) private, (c) self-regulatory and (d) other bodies which have regulatory responsibility for enforcing compliance with the insolvency laws.
tabling member constituency	Luton North
tabling member printed	Kelvin Hopkins
uin	157601
answer	answer is ministerial correction date of answer 02/07/2018 answer text <p>Under the provisions of the Insolvency Act 1986, my rt. hon. Friend the Secretary of State recognises certain independent professional bodies, called Recognised Professional Bodies, for the purpose of authorising their members to act as insolvency practitioners. There are currently five Recognised Professional Bodies:</p><p> </p><p>Institute of Chartered Accountants in England &amp; Wales;</p><p> </p><p>Insolvency Practitioners Association;</p><p> </p><p>Association of Chartered Certified Accountants;</p><p> </p><p>Institute of Charted Accountants of Scotland; and</p><p> </p><p>Chartered Accountants Ireland.</p><p> </p><p>The Recognised Professional Bodies enforce compliance with insolvency laws by insolvency practitioners they authorise. The Insolvency Service, an executive agency of the Department of Business, Energy and Industrial Strategy, regulates the Recognised Professional Bodies on behalf of the Secretary of State. The Insolvency Service also enforces compliance with insolvency laws through a range of powers exercisable against a Recognised Professional Body and directly against an insolvency practitioner.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 02/07/2018 16:32:37 answering member 3936 label Biography information for Andrew Griffiths
tabling member	2 label Biography information for Kelvin Hopkins