Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 13 November 2017 to Question 112160, on the Royal Bank of Scotland, whether that Answer refers to (a) the Financial Conduct Authority's investigation which has already concluded or (b) the second Financial Conduct Authority investigation which has yet to report its findings.

The answer refers to the ongoing investigation which has yet to report. The Hon. Member may wish to refer to the Financial Conduct Authority's update published on 23 October 2017 which includes the statement “We are investigating the matters arising from the Skilled Person’s Report and are focussing on whether there is any basis for further action within our powers.”