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Royal Bank of Scotland

Question for HM Treasury

UIN 6701, tabled on 13 July 2015

To ask Mr Chancellor of the Exchequer, what steps he takes to ensure that no conflicts of interest arise between directors of UK Financial Investments and customers of RBS.

Answered on

15 July 2015

UK Financial Investment (UKFI) adheres to the Code of Practice as set out by the Office of the Commissioner for Public Appointments, which specifically addresses the issue of actual, potential or perceived conflicts of interest.

In addition, UKFI is subject to the Companies Act 2006, which sets out in detail the legal obligations whereby companies have a legal duty to avoid conflicts of interest

Answered by

Treasury