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Written question asked by Angela Watkinson (Conservative) on Thursday, 4 February 2016, in the House of Commons. It was due for an answer on Monday, 8 February 2016. It was answered by Harriett Baldwin (Conservative) on Friday, 12 February 2016 on behalf of the Treasury.


Investment Trusts

Question

To ask Mr Chancellor of the Exchequer, what information he holds on the reasons why the Financial Conduct Authority has not sought a restitution order against (a) Capita, (b) Blue Gate and (c) the directors of Tinta plc in relation to the Connaught Income Fund.

Answer

The issues raised are a matter for the Financial Conduct Authority (FCA) who are operationally independent from Government.

The questions have been passed on to the FCA. The FCA will reply directly to the Honorable Member by letter. A copy of the letter will be placed in the Library of the House.


Secondary information

Type
Written question
Reference
25897
Session
2015-16
Subjects
Compensation Investment trusts Connaught Income Series 1 Fund
Link
View this Written question on www.parliament.uk