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Written question asked by John Glen (Conservative) on Friday, 21 February 2025, in the House of Commons. It was due for an answer on Tuesday, 25 February 2025. It was answered by Emma Reynolds (Labour) on Monday, 3 March 2025 on behalf of the Treasury.


Politically Exposed Persons

Question

To ask the Chancellor of the Exchequer, what information her Department holds on when the Financial Conduct Authority plans to respond to its consultation entitled Proposed amendments to Guidance on the treatment of politically exposed persons, published on 18 July 2024.

Answer

The Government has been working closely with the FCA to follow up on the findings of its review into the treatment of Politically Exposed Persons (PEPs) by financial institutions and to ensure firms improve their practices where necessary. The FCA expects that the revised guidance will be published and brought into effect in the first half of 2025.


Secondary information

Type
Written question
Reference
31990
Session
2024-26
Subjects
Public consultation Financial Conduct Authority Politically exposed persons
Link
View this Written question on www.parliament.uk