1-6 of 6 results for subject:Finance
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To ask the Chancellor of the Exchequer, how many complaints the Financial Conduct Authority received on financial promotions issued by the firms with company numbers 743416 and 622666, currently known as Lendy Ltd, in each year since 2014.
To ask the Chancellor of the Exchequer, how many complaints the Financial Conduct Authority received on financial promotions issued by the firms with company numbers 743416 and 622666, currently known as Lendy Ltd, in each year since 2014.
As you may be aware, there is an ongoing Financial Conduct Authority (FCA) enforcement investigation into the collapse of the firms known as Lendy Ltd. It is important to stress that the independence of the FCA’s investigation, and its wider supervision of firms, is vital to its role. The FCA’s credibility, authority and value to consumers would be undermined if it were possible for the Government to intervene in such operational matters.
As such, it is not appropriate for the Government to publicly discuss the FCA’s discharging of their supervisory duties in respect of Lendy’s financial promotions. However, I have passed your requests onto the FCA for them to respond to directly. A copy of the letter will be placed in the Library of the House.
To ask Her Majesty's Government, further to the Written Answer from Lord Goldsmith of Richmond Park on 19 October (HL8726), whether the interim Office of Environmental Protection will have the resources to begin to investigate complaints prior to the granting of formal powers to do so when it is established in law.
To ask Her Majesty's Government, further to the Written Answer from Lord Goldsmith of Richmond Park on 19 October (HL8726), whether the interim Office of Environmental Protection will have the resources to begin to investigate complaints prior to the granting of formal powers to do so when it is established in law.
Members of the public will be able to submit complaints about alleged failures of public authorities to comply with environmental law to Defra's interim environmental governance secretariat from the start of next year until the Office for Environmental Protection (OEP) begins its statutory functions. The secretariat will assess complaints received against the criteria specified in the Environment Bill to determine if they will fall within the remit of possible investigation by the OEP.
The secretariat will have the resources to conduct these processes, interacting with the complainants and public authorities in question to gather further information where needed. It will assess the information received and pass it on to the OEP once established, so that the OEP can determine which complaints to consider further through the exercise of its legal functions including formal investigations and, where necessary, enforcement.
To ask Her Majesty's Government, further to the Written Answer from Lord Goldsmith of Richmond Park on 19 October (HL8726), whether the Office of Environmental Protection will be granted additional resources to deal with any backlog of complaints occuring following the delay in its establishment.
To ask Her Majesty's Government, further to the Written Answer from Lord Goldsmith of Richmond Park on 19 October (HL8726), whether the Office of Environmental Protection will be granted additional resources to deal with any backlog of complaints occuring following the delay in its establishment.
As specified in the Environment Bill, the Secretary of State will provide the OEP with the resources that he considers reasonably sufficient to enable the OEP to carry out its functions. This will include consideration of what resources the OEP will need to handle complaints, including those passed to it from the interim arrangements. Defra will agree the OEP’s resourcing with HM Treasury through a budget that will be announced after the Environment Bill achieves Royal Assent.