Fourteenth Report - Investigation into the British Steel Pension Scheme

Select Committee
Public Accounts Committee HC 251 21 July 2022
Report Status Government responded
Conclusions & Recommendations 23 items (5 recs)
Source View on Parliament website
Government Response (AI assessment · 23 of 23 classified)
Accepted 1
Accepted in Part 1
Acknowledged 15
Deferred 1
Not Addressed 2
Rejected 3
Clear

Recommendations

1 results
3 Accepted in Part
The Financial Conduct Authority has not been sufficiently proactive or timely in using its enforcement...
Recommendation
The Financial Conduct Authority has not been sufficiently proactive or timely in using its enforcement powers. To date, the FCA has issued one fine in response to the BSPS case, and while it has 30 more enforcement actions in place, … Read more
Government Response Summary
The FCA will provide a high-level update on enforcement activity and the Treasury outlined existing mechanisms to address activity outside the FCA's perimeter, but did not commit to specific changes to enforcement powers or the regulatory perimeter.
HM Treasury
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