Question to the Ministry of Justice:

To ask the Secretary of State for Justice, what assessment she has made of the potential impact of mandatory self-regulation on third party litigation funders.

The Government recognises the critical role litigation funding plays in ensuring access to justice.

Following the PACCAR judgment, concerns have been raised about the need for greater regulation of the litigation funding market, which currently operates a system of voluntary self-regulation.

The Civil Justice Council is considering this issue in its review of litigation funding in England and Wales, which will conclude in summer 2025. Once the Government receives this report, it will assess the potential impact of its recommendations on funders, claimants and the wider market.