Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment the Financial Conduct Authority has made of the implications for its policies of the statement made by the financial service messaging platform Symphony that they offer Guaranteed Data Deletion; and whether this statement complies with financial regulations on record keeping.

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.

The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.