Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to better regulate financial service providers working in the UK (a) in general and (b) specifically those selling off-shore services and investment opportunities; and if he will make a statement.

The Financial Conduct Authority (FCA) is responsible for the regulation of financial services in the UK.

This is therefore a matter for the FCA, who are operationally independent from Government.

The question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.