Written question asked by Lisa Smart (Liberal Democrat) on Tuesday, 13 October 2026, in the House of Commons. It was due for an answer on Thursday, 15 October 2026. It was answered by Lucy Rigby (Labour) on Tuesday, 20 October 2026 on behalf of the Treasury.
Financial Markets
- Question
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To ask the Chancellor of the Exchequer, what steps HM Treasury is taking to help prevent people with previous convictions for fraud from operating in UK financial markets.
- Answer
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The Government is committed to protecting consumers and maintaining the integrity of UK financial markets. The Financial Conduct Authority and the Prudential Regulation Authority have robust powers to ensure that individuals carrying out regulated financial services activities are fit and proper.
Assessments of fitness and propriety include consideration of honesty, integrity and reputation, and may take account of criminal convictions where relevant. The Financial Conduct Authority and the Prudential Authority can also make prohibition orders preventing individuals who are not fit and proper from carrying out functions relating to regulated activities, alongside other supervisory and enforcement action where appropriate.
Secondary information
- Type
- Written question
- Reference
- 34399
- Session
- 2026-27
- Subjects
- Fraud Financial markets Offenders
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-10-20 12:36:18 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/34399
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/34399
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/34399