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1695515
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Insurance: Companies more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to paragraph 5.121, page 99 of the Autumn Statement 2023, what his planned timetable is for publishing a consultation on introducing a UK regime for captive insurance companies; what discussions his Department has had with the (a) Prudential Regulation Authority and (b) Financial Conduct Authority on the potential introduction of a captive insurance regime; and what recent assessment his Department has made of the potential merits of introducing such a regime. more like this
tabling member constituency Chelmsford more like this
tabling member printed
Vicky Ford more like this
uin 18286 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-18more like thismore than 2024-03-18
answer text <p>As announced at Autumn Statement, the Government will consult on the design of a new framework for encouraging the establishment and growth of captive insurance companies in the UK. The consultation will launch in Spring 2024.</p><p>The consultation will test views on proposals to introduce an attractive and competitive new UK captive insurance regime that works for businesses. Key to this will also be proportionate regulation that maintains the UK’s high regulatory standards.</p><p>The Treasury will continue to work closely with the independent regulators as it considers the case for a UK captives framework.</p> more like this
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2024-03-18T15:39:43.327Zmore like thismore than 2024-03-18T15:39:43.327Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
4674
label Biography information for Vicky Ford remove filter