Source · Select Committees · Treasury Committee
Recommendation 25
25
In light of the recent failings of several mini-bond issuers and the nature of the...
Conclusion
In light of the recent failings of several mini-bond issuers and the nature of the existing regulatory arrangements, the Treasury should proceed with its analysis as soon as the consultation on the regulation of non-transferable debt securities closes, and it should aim to publish the outcome by the end of September 2021. In publishing its response, it should also publish a way forward that can be implemented rapidly. (Paragraph 139) Consumer responsibility and compensation
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.