Financial Conduct Authority
The question
To ask the Chancellor of the Exchequer, with reference to the recent Report on the Call for Evidence about the Financial Conduct Authority, published by the APPG on Investment Fraud & Fairer Financial Services, whether she plans to introduce the recommended legislative changes.
Answered by Emma Reynolds
I noted the report with interest, and I recognise the difficulties faced by those who have lost out. Many of the issues explored in the report have already been extensively reviewed, and the Financial Conduct Authority (FCA) has made significant changes in response. The government has no plans to make the legislative changes recommended in this report.
I regularly engage with the FCA to ensure that it continues to learn from these experiences and is effectively delivering on its objectives.
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