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Financial Services Compensation Scheme

Question for Treasury

UIN 263058, tabled on 11 June 2019

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of making mini-bonds subject to the provisions of the Financial Services Compensation Scheme.

Answered on

17 June 2019

On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital & Finance (LCF), a mini-bond issuer that entered administration on 30 January 2018, and approved the FCA’s appointment of Dame Elizabeth Gloster to lead it.

Alongside the independent investigation, the Government announced it would review a number of the wider policy questions raised by the events at LCF.

Answered by

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