{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?date=2023-07-11&tablingMemberConstituency=Edinburgh+South", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?date=2023-07-11&tablingMemberConstituency=Edinburgh+South", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?date=2023-07-11&tablingMemberConstituency=Edinburgh+South&_metadata=all", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?date=2023-07-11&_page=0&tablingMemberConstituency=Edinburgh+South", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?date=2023-07-11&tablingMemberConstituency=Edinburgh+South", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?date=2023-07-11&tablingMemberConstituency=Edinburgh+South", "items" : [{"_about" : "http://data.parliament.uk/resources/1652105", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1652105/answer", "answerText" : {"_value" : "

The Financial Conduct Authority (FCA) is an operationally independent non-governmental body responsible for regulating and supervising the financial services industry. Although the Treasury sets the legal framework for the regulation of financial services, the FCA is responsible for developing and implementing rules, including relating to trading names. Further information on the FCA\u2019s approach is available on its website.<\/p>

<\/p>

Through the Financial Services Act 2021, the government granted the FCA new powers to remove permissions from firms when they are not carrying out the regulated activities they are permitted to. The FCA has since undertaken a \u2018use it or lose it\u2019 exercise, removing firms\u2019 permissions where they are not carrying out regulated activities.<\/p>

<\/p>

This has seen the FCA carry out 1,090 assessments in 2021/22 and resulted in 264 firms applying to voluntarily cancel, and a further 47 to modify, their permission to carry out regulated activities.<\/p>

<\/p>

Ministers regularly engage with the FCA on a range of issues while recognising that the independence of the FCA is critical to its functions.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"} } , "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"} , "answeringMemberPrinted" : {"_value" : "Andrew Griffith"} , "dateOfAnswer" : {"_value" : "2023-07-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-07-18T08:13:37.943Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-07-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Trade Marks: Registration"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the effectiveness of the Financial Conduct Authority's procedures for ensuring that all trading names associated with a single registration are properly authorised.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3966", "label" : {"_value" : "Biography information for Ian Murray"} } , "tablingMemberConstituency" : {"_value" : "Edinburgh South"} , "tablingMemberPrinted" : [{"_value" : "Ian Murray"} ], "uin" : "193391"} , {"_about" : "http://data.parliament.uk/resources/1652106", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1652106/answer", "answerText" : {"_value" : "

The Financial Conduct Authority (FCA) is an operationally independent non-governmental body responsible for regulating and supervising the financial services industry. Although the Treasury sets the legal framework for the regulation of financial services, the FCA is responsible for developing and implementing rules, including relating to trading names. Further information on the FCA\u2019s approach is available on its website.<\/p>

<\/p>

Through the Financial Services Act 2021, the government granted the FCA new powers to remove permissions from firms when they are not carrying out the regulated activities they are permitted to. The FCA has since undertaken a \u2018use it or lose it\u2019 exercise, removing firms\u2019 permissions where they are not carrying out regulated activities.<\/p>

<\/p>

This has seen the FCA carry out 1,090 assessments in 2021/22 and resulted in 264 firms applying to voluntarily cancel, and a further 47 to modify, their permission to carry out regulated activities.<\/p>

<\/p>

Ministers regularly engage with the FCA on a range of issues while recognising that the independence of the FCA is critical to its functions.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"} } , "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"} , "answeringMemberPrinted" : {"_value" : "Andrew Griffith"} , "dateOfAnswer" : {"_value" : "2023-07-19", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-07-19T07:34:15.057Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-07-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Trade Marks: Registration"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the effectiveness of the Financial Conduct Authority's procedures for authorising the association of multiple trading names with a single registration.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3966", "label" : {"_value" : "Biography information for Ian Murray"} } , "tablingMemberConstituency" : {"_value" : "Edinburgh South"} , "tablingMemberPrinted" : [{"_value" : "Ian Murray"} ], "uin" : "193392"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 2, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }