Source · Select Committees · Treasury Committee
Recommendation 24
24
Paragraph: 138
The unusual way in which LCF used mini-bonds and the high level of risk associated...
Conclusion
The unusual way in which LCF used mini-bonds and the high level of risk associated with any such investments highlight the need for the Treasury’s intervention. We welcome the Treasury’s ongoing consultation on the regulation of non-transferable debt securities but note the delay in its launch.
Paragraph Reference:
138
Government Response
Not Addressed
HM Government
Not Addressed
The Treasury’s consultation on the regulation of non-transferable debt securities (NTDS) closed on 21 July 2021. As the Committee’s report alludes to, this consultation is the culmination of a review into the regulation of mini-bonds that the Government announced in May 2019 and delivers on one of the recommendations made in Dame Elizabeth Gloster’s report. The Treasury is aiming to publish its response to the consultation and bring forward plans for legislation in the autumn.