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784767

	registered interest
	date	06/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the proportion of (a) businesses whose lending and (b) funds lent to businesses which is regulated by the Financial Conduct Authority.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111702
	answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111703 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson

784768

	registered interest
	date	06/11/2017
	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, what plans he has to extend the business lending element of the regulatory framework of the Financial Conduct Authority; and if he will make a statement.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	111703
	answer	answer is ministerial correction date of answer 14/11/2017 answer text <p>The Government is committed to extending the regulatory perimeter only where there is a clear case for doing so, in order to avoid putting additional costs on lenders that would ultimately lead to higher costs for businesses.</p><p> </p><p>However, unincorporated sole traders and small partnerships borrowing less than £25,000 do receive regulatory protection. In practice, the effect of this is that the smallest SMEs are more likely than not to receive regulatory protections when borrowing.</p><p> </p><p>The Financial Conduct Authority estimated in their 2015 Discussion Paper “Our approach to SMEs as users of financial services” that between 2010 and 2014, 41% of all the loans and overdrafts applied for by SMEs could potentially fall within the regulatory perimeter</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 111702 question first answered 14/11/2017 13:44:40 answering member 4095 label Biography information for Steve Barclay
	tabling member	4061 label Biography information for Bill Esterson