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 constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

64272

registered interest
date	26/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which powers and responsibilities the Financial Conduct Authority has not inherited from the Office of Fair Trading; and which financial regulatory body has inherited each such power and responsibility.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202724
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market. The transfer of regulatory responsibility for consumer credit from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) took effect in April. The FCA has stronger powers and is far better equipped to protect consumers than the OFT.</p><p> </p><p>Wonga has voluntarily agreed to pay compensation totaling more than £2.6m to around 45,000 customers in relation to unfair debt collection practices between 2008 and 2010. The requirement agreed by Wonga is available at <a href="http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq" target="_blank">http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq</a>. Had Wonga not agreed, the FCA could have used its powers to impose requirements. Wonga will appoint a skilled person (as specified under section 166 of the Financial Services and Markets Act 2000) to ensure that affected customers receive appropriate compensation.</p><p> </p><p>More generally, the Government has ensured that the FCA has inherited the OFT's powers (both criminal and regulatory) in relation to misconduct which occurred before 1 April 2014, as well as considerably strengthening the FCA's powers in relation to misconduct which occurs under the new regulatory regime.</p><p> </p><p>The FCA has the same powers as the OFT had to investigate and prosecute offences under the Consumer Credit Act 1974.</p><p> </p><p> </p><p>The FCA has also inherited the OFT's power to fine, although the OFT's power to fine under the Consumer Credit Act was limited to fining a firm for breaches of a requirement imposed by the OFT (and the maximum penalty in this regard was £50,000). The Government has already strengthened the new regime by giving the FCA the ability to impose unlimited fines for breaches of regulatory requirements that take place after 1 April 2014.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 202688 202725 202726 question first answered 03/07/2014 15:49:59 answering member 4117 label Biography information for Andrea Leadsom
tabling member	545 label Biography information for Paul Flynn

64273

registered interest
date	26/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will review the scope of the consumer credit regulatory powers of the Financial Conduct Authority.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202725
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market. The transfer of regulatory responsibility for consumer credit from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) took effect in April. The FCA has stronger powers and is far better equipped to protect consumers than the OFT.</p><p> </p><p>Wonga has voluntarily agreed to pay compensation totaling more than £2.6m to around 45,000 customers in relation to unfair debt collection practices between 2008 and 2010. The requirement agreed by Wonga is available at <a href="http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq" target="_blank">http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq</a>. Had Wonga not agreed, the FCA could have used its powers to impose requirements. Wonga will appoint a skilled person (as specified under section 166 of the Financial Services and Markets Act 2000) to ensure that affected customers receive appropriate compensation.</p><p> </p><p>More generally, the Government has ensured that the FCA has inherited the OFT's powers (both criminal and regulatory) in relation to misconduct which occurred before 1 April 2014, as well as considerably strengthening the FCA's powers in relation to misconduct which occurs under the new regulatory regime.</p><p> </p><p>The FCA has the same powers as the OFT had to investigate and prosecute offences under the Consumer Credit Act 1974.</p><p> </p><p> </p><p>The FCA has also inherited the OFT's power to fine, although the OFT's power to fine under the Consumer Credit Act was limited to fining a firm for breaches of a requirement imposed by the OFT (and the maximum penalty in this regard was £50,000). The Government has already strengthened the new regime by giving the FCA the ability to impose unlimited fines for breaches of regulatory requirements that take place after 1 April 2014.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 202688 202724 202726 question first answered 03/07/2014 15:49:59 answering member 4117 label Biography information for Andrea Leadsom
tabling member	545 label Biography information for Paul Flynn

64279

registered interest
date	26/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Conduct Authority
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will bring foward legislative proposals to amend the statutory powers of the Financial Conduct Authority (FCA) to permit the FCA to investigate alleged illegal actions undertaken before its creation.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202688
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market. The transfer of regulatory responsibility for consumer credit from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) took effect in April. The FCA has stronger powers and is far better equipped to protect consumers than the OFT.</p><p> </p><p>Wonga has voluntarily agreed to pay compensation totaling more than £2.6m to around 45,000 customers in relation to unfair debt collection practices between 2008 and 2010. The requirement agreed by Wonga is available at <a href="http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq" target="_blank">http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq</a>. Had Wonga not agreed, the FCA could have used its powers to impose requirements. Wonga will appoint a skilled person (as specified under section 166 of the Financial Services and Markets Act 2000) to ensure that affected customers receive appropriate compensation.</p><p> </p><p>More generally, the Government has ensured that the FCA has inherited the OFT's powers (both criminal and regulatory) in relation to misconduct which occurred before 1 April 2014, as well as considerably strengthening the FCA's powers in relation to misconduct which occurs under the new regulatory regime.</p><p> </p><p>The FCA has the same powers as the OFT had to investigate and prosecute offences under the Consumer Credit Act 1974.</p><p> </p><p> </p><p>The FCA has also inherited the OFT's power to fine, although the OFT's power to fine under the Consumer Credit Act was limited to fining a firm for breaches of a requirement imposed by the OFT (and the maximum penalty in this regard was £50,000). The Government has already strengthened the new regime by giving the FCA the ability to impose unlimited fines for breaches of regulatory requirements that take place after 1 April 2014.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 202724 202725 202726 question first answered 03/07/2014 15:49:59 answering member 4117 label Biography information for Andrea Leadsom
tabling member	545 label Biography information for Paul Flynn

64283

registered interest
date	26/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Markets: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Secretary of State for Business, Innovation and Skills on the regulation of the practice of dark pool trading by high frequency bank traders.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202699
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>Treasury Ministers regularly meet with Ministers in other departments as part of normal Government business. As was the case with previous Administrations, it is not the Government's practice to provide details of all such meetings and discussions.</p><p> </p><p> </p><p>Dark pool trading is subject to regulation under the markets in financial instruments directive (2004/39/EC) (MiFID). The new MiFIR Regulation (600/2014/EU) recently agreed as part of the “MiFID 2” negotiations will impose significant limits on dark pool trading in the EU.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 03/07/2014 15:42:29 answering member 4117 label Biography information for Andrea Leadsom
tabling member	545 label Biography information for Paul Flynn

64303

registered interest
date	26/06/2014
answering body	Ministry of Defence
answering dept id	11
answering dept short name	Defence
answering dept sort name	Defence
hansard heading	Nuclear Weapons
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Defence, if he will publish the titles of all reports covering the effects of the use of a UK nuclear weapon produced by (a) his Department and (b) the Atomic Weapons Establishment and its predecessor body for his Department in the last 30 years.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202696
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The information is not held centrally and could be provided only at disproportionate cost.</p> answering member constituency Ludlow answering member printed Mr Philip Dunne question first answered 03/07/2014 13:58:05 answering member 1542 label Biography information for Philip Dunne
tabling member	545 label Biography information for Paul Flynn

63953

registered interest
date	25/06/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Newport
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, if he will publish all impact assessments his Department has made on privatising the Ministry of Justice Shared Services in Newport.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202381
answer	answer is ministerial correction date of answer 30/06/2014 answer text <p>The Ministry of Justice are entering into detailed discussions with Shared Services Connected Limited (SSCL) regarding the future delivery of their back office services, with the intention of awarding a contract in August 2014. We expect this to bringincreased savings and efficiency in back-office functions, provide further benefits across wider Government and offer better value for money to the tax payer.</p><p> </p><p>Prior to this decision, the two private sector options were compared against the option to remain a standalone organisation and assessed using evaluation criteria that considered IT, cost, staff impacts and the service to our customers. The assessments will not be published as they are commercially sensitive documents.</p><p> </p><p>We will continue to work with staff, trade unions and other stakeholders to assess any impacts on staff.</p><p> </p> answering member constituency North West Cambridgeshire answering member printed Mr Shailesh Vara question first answered 30/06/2014 16:42:44 answering member 1496 label Biography information for Shailesh Vara
tabling member	545 label Biography information for Paul Flynn

63954

registered interest
date	25/06/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Freedom of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, if he will make it his policy to regularly provide details on private sector bodies who collaborate with public sector bodies on projects which are subject to the Freedom of Information Act 2000.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202371
answer	answer is ministerial correction date of answer 02/07/2014 answer text <p>The Government already provides details of private sector bodies who work under contract with the Government. Since January 2011, as part of the Government's transparency programme, details of contracts above the value of £10,000 are published on Contracts Finder:</p><p><a title="https://www.gov.uk/contracts-finder" href="https://www.gov.uk/contracts-finder" target="_blank">https://www.gov.uk/contracts-finder</a></p><p> </p> answering member constituency Bermondsey and Old Southwark answering member printed Simon Hughes question first answered 02/07/2014 16:15:26 answering member 194 label Biography information for Simon Hughes
tabling member	545 label Biography information for Paul Flynn

63956

registered interest
date	25/06/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Newport
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, what discussions on potential job losses in Newport took place between his Department, the Home Office and Steria prior to the decision to privatise the Ministry of Justice Shared Services.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202380
answer	answer is ministerial correction date of answer 30/06/2014 answer text <p>The Ministry of Justice are entering into detailed discussions with Shared Services Connected Limited (SSCL) regarding the future delivery of their back office services, with the intention of awarding a contract in August 2014. We expect this to bring increased savings and efficiency in back-office functions, provide further benefits across wider Government and offer better value for money to the tax payer.</p><p> </p><p>SSCL have stated their intention of providing 12 months job protection for all transferring staff from the point of transfer in October 2014. This means that there will be no compulsory redundancies during this period. No decisions have been made to close buildings and we expect all sites to remain open during this period.</p><p> </p><p>Following the transfer of staff, services and IT, there will be a stabilisation stage during which SSCL will look at how the service is currently delivered. No decisions will be made until SSCL has had the opportunity to fully understand the operation.</p><p>We will continue to work with staff, trade unions and other stakeholders to assess any impacts on staff.</p><p> </p> answering member constituency North West Cambridgeshire answering member printed Mr Shailesh Vara question first answered 30/06/2014 16:44:10 answering member 1496 label Biography information for Shailesh Vara
tabling member	545 label Biography information for Paul Flynn

63562

registered interest
date	24/06/2014
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Data Protection
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, how many assessments of (a) nuclear facilities and (b) other critical infrastructure have been undertaken against his Department's information assurance maturity model; and if he will publish all such assessments undertaken since May 2010.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202073
answer	answer is ministerial correction date of answer 30/06/2014 answer text <p>There is on-going work assessing and mitigating vulnerabilities in UK's critical national infrastructure. Details of this work, including any assessments, are classified.</p><p>Progress against the National Cyber Security Strategy is available at: <a href="https://www.gov.uk/government/speeches/uk-cyber-security-strategy-statement-on-progress-2-years-on" target="_blank">https://www.gov.uk/government/speeches/uk-cyber-security-strategy-statement-on-progress-2-years-on</a></p><p> </p> answering member constituency Horsham answering member printed Mr Francis Maude question first answered 30/06/2014 16:32:51 answering member 115 label Biography information for Lord Maude of Horsham
tabling member	545 label Biography information for Paul Flynn

63627

registered interest
date	24/06/2014
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	Nuclear Power Stations
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, with reference to the Nuclear Decommissioning Authority's Annual Report and Accounts for 2013-14, published on 23 June 2014, what assessment he has made of the implications for his policy on the evaluation of proposals for funded radioactive waste and decommissioning plans presented to him by private nuclear operators of the recent increase in the cost of dealing with legacy radioactive waste and decommissioning announced in that report.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202280
answer	answer is ministerial correction date of answer 30/06/2014 answer text <p>Recent changes in the estimated costs of dealing with legacy radioactive waste and decommissioning announced in the Nuclear Decommissioning Authority's Annual Report and Accounts for 2013/14 are due in their entirety to the decommissioning programme at Sellafield. These costs should not be used as a guide to costs of decommissioning modern nuclear reactor sites. The vast majority of the liability at Sellafield is a result of the Cold War military programme on that site, dating back to the 1940s, and the very early days of the civil nuclear industry, dating back to the 1950s and 1960s. These historic facilities were built extremely rapidly to very different quality and safety standards compared with nuclear plants constructed today and without plans for how they would be ultimately decommissioned, These facilities present a unique decommissioning challenge requiring a complex suite of engineering projects in order to first gain access to their waste inventory before retrieving and then treating this material ready for long-term disposal. The activity required to decommission these facilities at Sellafield bears no relation to the work required to decommission modern nuclear facilities. Operators of nuclear power stations being constructed under the Government's new build programme are required to publish plans detailing how these facilities will be decommissioned and the operators themselves are liable for the costs associated with this decommissioning work.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 30/06/2014 15:17:04 answering member 88 label Biography information for Sir Michael Fallon
tabling member	545 label Biography information for Paul Flynn