Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1167255

registered interest
date	29/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Ministerial Powers
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government on how many occasions since 24 July Permanent Secretaries or Senior Civil Servants required ministerial direction to act, broken down by Government Department.
tabling member printed	Lord Myners
uin	HL523
answer	answer is ministerial correction date of answer 01/11/2019 answer text <p>Ministerial directions are published on gov.uk.</p><p> </p><p>There have been no ministerial directions since 24<sup>th</sup> July 2019.</p> answering member printed The Earl of Courtown question first answered 01/11/2019 09:28:48 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1156587

registered interest
date	28/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coinage
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many 50p coins to commemorate Brexit on 31 October have been minted.
tabling member printed	Lord Myners
uin	HL467
answer	answer is ministerial correction date of answer 05/11/2019 answer text <p>Approximately 1 million coins were minted in October to mark the UK’s exit from the European Union. Coins bearing this date will now be recycled and the value from the materials will be recouped by the Exchequer.</p> answering member printed The Earl of Courtown question first answered 05/11/2019 14:29:32 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1156588

registered interest
date	28/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to review the impact of regulation on the competitiveness of financial services in the UK.
tabling member printed	Lord Myners
uin	HL468
answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The Government keeps the regulatory framework for financial services under review, and is committed to ensuring the competitiveness of the sector. It has also given the independent financial services regulators a statutory mandate to have regard to aspects of the Government’s economic policy (including competitiveness), which is communicated through letters of recommendations.</p> answering member printed The Earl of Courtown question first answered 04/11/2019 14:00:31 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1156589

registered interest
date	28/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation: Forecasts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they intend to publish their next economic forecasts in accordance with the Industry Act 1975.
tabling member printed	Lord Myners
uin	HL469
answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The schedule pertaining to economic forecasting in the Industry Act 1975 has been repealed in consequence of the provisions in the Budget Responsibility and National Audit Act 2011.</p><p> </p><p>The Budget Responsibility and National Audit Act 2011 established the creation of the independent Office for Budget Responsibility. This legislation outlines that it is the duty of the Office to produce, on at least two occasions for each financial year, a fiscal and economic forecast. As a result, the government’s medium-term economic and fiscal forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty.</p><p> </p><p>The Office for Budget Responsibility will produce a new economic and fiscal forecast to accompany the next fiscal event.</p> answering member printed The Earl of Courtown question first answered 04/11/2019 13:59:51 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1156326

registered interest
date	24/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they will (1) establish an independent review into the Financial Conduct Authority's supervision of Woodford Investment Management and Link Financial Solutions, and (2) review the protections in place for investors in open-ended funds in circumstances similar to those managed by Woodford.
tabling member printed	Lord Myners
uin	HL410
answer	answer is ministerial correction date of answer 04/11/2019 answer text <p>The government takes the suspension and winding up of the Woodford Equity Income Fund (WEIF) very seriously and is monitoring the response. The Financial Conduct Authority (FCA) is continuing its investigation into the activities that led to the suspension of the WEIF. At this stage, the government has not seen evidence that would justify establishing an independent review into the FCA’s supervision of the fund.</p><p> </p><p>As part of its investigation, the FCA is considering what FCA rule changes may be necessary to protect investors and to prevent similar issues in future. The FCA is also working with the Bank of England’s Financial Policy Committee to assess how funds’ redemption terms might be better aligned with the liquidity of their assets. Once the FCA publishes its findings, we will be able to assess whether there is any further role for the government.</p><p> </p> answering member printed The Earl of Courtown question first answered 04/11/2019 13:59:30 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1152016

registered interest
date	23/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	FundingSecure: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to establish an independent inquiry into the failure of peer-to-peer lender Fund Secure; and on which date they first became aware that the firm was experiencing difficulty.
tabling member printed	Lord Myners
uin	HL360
answer	answer is ministerial correction date of answer 31/10/2019 answer text <p>The Government does not intend to establish an inquiry into the failure of the peer-to-peer (P2P) lending platform Funding Secure, which entered into administration on 23 October. The Government monitors the P2P lending sector on an ongoing basis and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector.</p><p> </p><p>The FCA is operationally independent from Government. The second part of the question as it relates to the FCA has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown question first answered 31/10/2019 13:43:02 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1149828

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	Collateral (UK)
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether when the FCA processed the FSMA full Part A application made by Collateral (UK) Limited on 23 March 2016, for which Collateral paid a fee of £1,500, whether it checked the information already contained in its Interim Permission file 656714; and whether it checked details on Collateral at Companies House and the date of Collateral's incorporation in respect of the date of grant of Interim Permission.
tabling member printed	Lord Myners
uin	HL120
answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The FCA is responsible for the regulation of the financial services sector and is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter, and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown grouped question UIN HL46 question first answered 22/10/2019 14:41:22 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1149753

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Collateral (UK)
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the interim permission granted to Regal Pawnbroker Limited, subsequently renamed Collateral (UK) in the Financial Conduct Authority’s register, would have lapsed automatically on 31 March 2016 if an application had not been passed for Part 4A Permission under the Financial Services and Markets Act 2000.
tabling member printed	Lord Myners
uin	HL46
answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The FCA is responsible for the regulation of the financial services sector and is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter, and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown grouped question UIN HL120 question first answered 22/10/2019 14:41:22 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1146955

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Crowdfunding: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to (1) investigate delays in, and (2) take action to speed activity in, and (3) ensure lenders are properly informed about, secondary market sales in peer-to-peer lending.
tabling member printed	Lord Myners
uin	HL17929
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Government monitors the peer to peer (P2P) lending sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector.</p><p> </p><p>The operationally independent FCA recently published new rules for the sector. These will come into force on 9 December and include enhanced requirements on governance, risk management and investor protection.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:59:48 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners

1144187

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to increase minimum capital requirements for fund managers managing Undertakings for the Collective Investment in Transferable Securities funds and other open-ended funds.
tabling member printed	Lord Myners
uin	HL17675
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The FCA Handbook outlines the rules on the capital requirements for UCITS management firms, which are derived from the EU UCITS Directive. These requirements can be found in Chapter 11 of the Interim Prudential Sourcebook for Investment Business. If there was to be any policy decision by the FCA to change these rules in the future, that would be subject to the FCA’s relevant governance process, including a public consultation.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:41:08 answering member 3359 label Biography information for The Earl of Courtown
tabling member	3869 label Biography information for Lord Myners