Source · Select Committees · Treasury Committee
Recommendation 15
15
Paragraph: 96
We welcome the ongoing dialogue between the Treasury, the FCA, and other financial regulators on...
Conclusion
We welcome the ongoing dialogue between the Treasury, the FCA, and other financial regulators on the perimeter, but the failings in the FCA’s regulation of LCF and constant movement of the perimeter are signs that further action is required.
Paragraph Reference:
96
Government Response
Acknowledged
HM Government
Acknowledged
In accordance with the Complaints Scheme, all LCF complaints are being considered individually. We will provide an update to the Committee by 30 September 2021 on the FCA’s resolution of the LCF complaints. As at 23 August 2021, we had responded to 98% of the 1,106 complainants.