{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&_metadata=all&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-questionFirstAnswered.=2018-03-05T15%3A27%3A58.107Z&answeringDeptId=201&answeringDeptSortName=Business%2C+Energy+and+Industrial+Strategy&dateTabled=2018-02-23&max-questionFirstAnswered.=2018-03-05T15%3A40%3A59.13Z", "items" : [{"_about" : "http://data.parliament.uk/resources/847844", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
      ], "answer" : {"_about" : "http://data.parliament.uk/resources/847844/answer", "answerText" : {"_value" : "<p>The fact sheet <ins class=\"ministerial\">attached to the<\/ins> <del class=\"ministerial\">placed into the Libraries of the House in<\/del> response <ins class=\"ministerial\">given<\/ins> to question HL5095 used the word \u201crequested\u201d and is dated June 2017.<\/p><p> <\/p><p>My answer to question HL5095 stated the position as of 1<sup>st<\/sup> February 2018.<\/p>"}
        , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"}
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        , "answeringMemberPrinted" : {"_value" : "Lord Henley"}
        , "dateOfAnswer" : {"_value" : "2018-03-05", "_datatype" : "dateTime"}
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          , "answeringMemberPrinted" : {"_value" : "Lord Henley"}
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        , "questionFirstAnswered" : [{"_value" : "2018-03-05T15:27:58.107Z", "_datatype" : "dateTime"}
        ], "questionFirstMinisteriallyCorrected" : [{"_value" : "2018-03-26T15:35:43.48Z", "_datatype" : "dateTime"}
        ]}
      , "answeringDeptId" : {"_value" : "201"}
      , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "date" : {"_value" : "2018-02-23", "_datatype" : "dateTime"}
      , "hansardHeading" : {"_value" : "Financial Reporting Council"}
      , "houseId" : {"_value" : "2"}
      , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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      ], "questionText" : "To ask Her Majesty's Government further to the Written Answer by Lord Henley on 20 February (HL5467), whether the Financial Reporting Council changed the wording after my question (HL4627) was tabled on 11 January; and why the Written Answer by Lord Henley on 1 February (HL5095) referred to a position with future effect, not the past and present position.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
      , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"}
      }
      , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"}
      ], "uin" : "HL5821"}
    , {"_about" : "http://data.parliament.uk/resources/847845", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
      ], "answer" : {"_about" : "http://data.parliament.uk/resources/847845/answer", "answerText" : {"_value" : "<p>The Department for Trade and Industry consulted on the adoption of \u201cInternational Accounting Standards\u201d in 2002 (URN 2002/1158). The consultation considered whether the UK should exercise the Member State option under Article 5 of the IAS Regulation and, in particular, whether to extend the application of the Regulation to the individual accounts of publicly traded companies.<\/p><p> <\/p><p>The consultation stated that:<\/p><p> <\/p><p>\u201cThere may be good reasons to exercise this option in order to help internal consistency and comparability of accounts within the same group and assist in preparation of consolidated accounts. There is the additional advantage that the current practice of presenting entity financial statements of the parent with the group accounts as one package could continue. With no extension the practice would probably have to change, as it would be cumbersome and confusing to have to explain two different bases of preparation. We estimate that this would affect around 2700 companies.\u201d<\/p><p> <\/p><p>The Government considered the responses to the consultation and conducted a full assessment of the costs and benefits of the various approaches to implement the IAS Regulation. Following this consideration the Government concluded that it would implement the option in the regulation, including to extend the application of the Regulation to the individual accounts of publicly traded companies.<\/p><p> <\/p><p>The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (SI 2004 / 2947) provided for the application of the International Accounting Standards Regulation. The impact assessment accompanying the regulations sets out the Government\u2019s assessment of the costs and benefits. It concluded that the Governments resulting policy on taking up the option in Article 5 overall had the following benefits:<\/p><p> <\/p><p>\u201cParent companies and building societies and subsidiaries in groups will be able to prepare their accounts to one framework of accounting standards. Companies and building societies that do business or seek capital across borders would be able to prepare their accounts to adopted IAS for ease of comparison. Comparability of accounts will assist, shareholders, analysts and other users of accounts.\u201d<\/p>"}
        , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"}
        }
        , "answeringMemberPrinted" : {"_value" : "Lord Henley"}
        , "dateOfAnswer" : {"_value" : "2018-03-05", "_datatype" : "dateTime"}
        , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
        , "questionFirstAnswered" : [{"_value" : "2018-03-05T15:29:38.897Z", "_datatype" : "dateTime"}
        ]}
      , "answeringDeptId" : {"_value" : "201"}
      , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "date" : {"_value" : "2018-02-23", "_datatype" : "dateTime"}
      , "hansardHeading" : {"_value" : "Company Accounts"}
      , "houseId" : {"_value" : "2"}
      , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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      ], "questionText" : "To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5280), what were the circumstances that led to the UK voluntarily adopting International Accounting Standards (IAS) for separate, company-only, accounts by invoking the option under Article 5 of the IAS Regulation 2001; and whether, prior to the UK invoking that option, the Financial Reporting Council or Department for Trade and Industry had anticipated the difficulties that this option would create for the use of separate accounts for capital maintenance purposes.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
      , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"}
      }
      , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"}
      ], "uin" : "HL5822"}
    , {"_about" : "http://data.parliament.uk/resources/847846", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
      ], "answer" : {"_about" : "http://data.parliament.uk/resources/847846/answer", "answerText" : {"_value" : "<p>The Prudential Regulation Authority is responsible for regulation of the capital adequacy of banks. Prior to 2013 this was the responsibility of the Financial Services Authority. The Financial Reporting Council (FRC) was not aware of the contribution that certain features of the International Accounting Standards made to the problem of the capital adequacy of the banks until the problem was a matter of public knowledge. The FRC has engaged with UK Government, Europe, internationally, and with the International Accounting Standards Board since then to develop reforms to the standards, which address the concerns that have been identified.<\/p>"}
        , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"}
        }
        , "answeringMemberPrinted" : {"_value" : "Lord Henley"}
        , "dateOfAnswer" : {"_value" : "2018-03-05", "_datatype" : "dateTime"}
        , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
        , "questionFirstAnswered" : [{"_value" : "2018-03-05T15:40:59.13Z", "_datatype" : "dateTime"}
        ]}
      , "answeringDeptId" : {"_value" : "201"}
      , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "date" : {"_value" : "2018-02-23", "_datatype" : "dateTime"}
      , "hansardHeading" : {"_value" : "Banks: Company Accounts"}
      , "houseId" : {"_value" : "2"}
      , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
      }
      ], "questionText" : "To ask Her Majesty's Government when the Financial Reporting Council (FRC) first became aware of any problems with International Accounting Standards for the capital adequacy of particular banks; by what means the FRC found out about such problems; which banks any such problems applied to; and how the FRC responded to any identified problems.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
      , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"}
      }
      , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"}
      ], "uin" : "HL5823"}
    , {"_about" : "http://data.parliament.uk/resources/847847", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
      ], "answer" : {"_about" : "http://data.parliament.uk/resources/847847/answer", "answerText" : {"_value" : "<p>As stated in the reply given to the noble Baroness on 12<sup>th<\/sup> February 2018 to question HL5214, the Financial Reporting Council (FRC) sought advice on a range of matters from Martin Moore QC and accepted the advice it received. This includes the advice relating to the requirements of the Companies Act 2006 that determines distributable profits. Section 831 forms part of those requirements. The FRC has not changed its views on those matters.<\/p>"}
        , "answeringMember" : {"_about" : "http://data.parliament.uk/members/2616", "label" : {"_value" : "Biography information for Lord Henley"}
        }
        , "answeringMemberPrinted" : {"_value" : "Lord Henley"}
        , "dateOfAnswer" : {"_value" : "2018-03-05", "_datatype" : "dateTime"}
        , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
        , "questionFirstAnswered" : [{"_value" : "2018-03-05T15:30:45.883Z", "_datatype" : "dateTime"}
        ]}
      , "answeringDeptId" : {"_value" : "201"}
      , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
      , "date" : {"_value" : "2018-02-23", "_datatype" : "dateTime"}
      , "hansardHeading" : {"_value" : "Company Accounts"}
      , "houseId" : {"_value" : "2"}
      , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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      ], "questionText" : "To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 12 February (HL5214), on which issues does the Financial Reporting Council now accept the position set out by Mr Bompas QC; and in particular whether section 831 of the Companies Act 2006 is one such issue.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
      , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4562", "label" : {"_value" : "Biography information for Baroness Bowles of Berkhamsted"}
      }
      , "tablingMemberPrinted" : [{"_value" : "Baroness Bowles of Berkhamsted"}
      ], "uin" : "HL5824"}
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