Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of capital markets reform on fintech firms.

The government is committed to reinvigorating our capital markets to deliver growth across the UK and is pursuing ambitious reforms to make our markets even more competitive. These reforms, including the FCA’s new UK Listings Rules and the government’s prospectus reforms, will benefit all firms including fintech firms.

The government is committed to an approach to financial services regulation which strikes the right balance between driving UK economic growth and providing robust safeguards for investors. The FCA has a primary objective to protect consumers, and a secondary objective to facilitate international competitiveness and growth.