Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 21 June (HL866), why the position of Technical Director of the UK Endorsement Board is not an executive function of (1) the UK Endorsement Board, or (2) the Financial Reporting Council.
The Secretary of State delegated statutory powers to the UK Endorsement Board. The Secretariat, including the Technical Director, have no decision-making powers. Their role is to provide technical advice to the UK Endorsement Board to support the delivery of its statutory functions. The UK Endorsement Board Secretariat is also ring-fenced from the Financial Reporting Council functions and is not involved in the decision-making of the Financial Reporting Council, nor do members of the Secretariat sit on the FRC’s Executive Committee.