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Written question asked by Gareth Thomas (Labour) on Wednesday, 23 June 2021, in the House of Commons. It was due for an answer on Monday, 28 June 2021. It was answered by John Glen (Conservative) on Thursday, 1 July 2021 on behalf of the Treasury.


Insurance: Business

Question

To ask the Chancellor of the Exchequer, if he will publish the proposals that have been (a) granted and (b) refused for the transfer of an insurance business under Part VII of the Financial Services and Markets Act 2000 in each year since 2001-02; and if he will make a statement.

Answer

The Part VII transfer of business is a Court process with input from the independent regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).

The Treasury does not hold the requested information and the question has been passed to the PRA. The PRA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House


Secondary information

Type
Written question
Reference
21130
Session
2021-22
Related items
Insurance: Business
Wednesday, 7 July 2021
Written questions
House of Commons
Deposited Paper DEP2021-0676
Thursday, 1 July 2021
Deposited papers
House of Commons
Grouped for answer
Yes
Subjects
Business Insurance
Legislation
Financial Services and Markets Act 2000
Link
View this Written question on www.parliament.uk