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1714890
registered interest false more like this
date less than 2024-04-30more like thismore than 2024-04-30
answering body
Department for Culture, Media and Sport more like this
answering dept id 217 more like this
answering dept short name Culture, Media and Sport more like this
answering dept sort name Culture, Media and Sport more like this
hansard heading Football Index more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Culture, Media and Sport, whether she has had recent discussions with the Financial Conduct Authority on the potential lessons it has learnt from the collapse of Football Index. more like this
tabling member constituency Strangford more like this
tabling member printed
Jim Shannon remove filter
uin 24238 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-05-08more like thismore than 2024-05-08
answer text <p>The collapse of BetIndex Ltd, the operators of the novel gambling product Football Index, had a significant impact on former customers, and we recognise the frustration and anger that this has caused. As a result, the Government announced an Independent Review, conducted by Malcom Sheehan KC, which looked at how the company had been regulated and identified lessons learned for various agencies including the Financial Conduct Authority. These recommendations have since been implemented.</p><p>Following the collapse of Football Index, the then-Minister held several meetings with the Gambling Commission, and officials have worked closely with their counterparts at His Majesty’s Treasury on the role of the Financial Conduct Authority (FCA) in this case.</p> more like this
answering member constituency Pudsey more like this
answering member printed Stuart Andrew more like this
question first answered
less than 2024-05-08T13:26:33.63Zmore like thismore than 2024-05-08T13:26:33.63Z
answering member
4032
label Biography information for Stuart Andrew more like this
tabling member
4131
label Biography information for Jim Shannon more like this