Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department plans to take to ensure that (a) women and (b) ethnic minority individuals are not disproportionately affected by changes to the Financial Promotion Order exemptions for high-net-worth individuals and sophisticated investors.
The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022.
However, the Government recognises the significant concerns that have been raised recently about these changes. I met recently with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised