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tabling member printed	Vicky Ford
answer › answer text	%3Cp%3EAs 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.%3C/p%3E%3Cp%3EThe 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%E2%80%99s high regulatory standards.%3C/p%3E%3Cp%3EThe Treasury will continue to work closely with the independent regulators as it considers the case for a UK captives framework.%3C/p%3E

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registered interest

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

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1695515

registered interest

date

12/03/2024

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Insurance: Companies

house id

legislature

25259

	pref label	House of Commons

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.

tabling member constituency

Chelmsford

tabling member printed

Vicky Ford

uin

18286

answer

is ministerial correction

date of answer

18/03/2024

answer text

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.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.The Treasury will continue to work closely with the independent regulators as it considers the case for a UK captives framework.

answering member constituency

Hitchin and Harpenden

answering member printed

Bim Afolami

question first answered

18/03/2024 15:39:43

answering member

4639

	label	Biography information for Bim Afolami

tabling member

4674

	label	Biography information for Vicky Ford