Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to prevent regulated financial intermediaries from promoting products in the unregulated sector by implying that victims of misselling or fraud will have recourse to the protections offered by regulation.

The issues raised are a matter for the Financial Conduct Authority (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.