Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the LF Woodford Equity Income Fund investigation.

Treasury ministers and officials have regular engagement with the Financial Conduct Authority (FCA). As was the case with previous administrations, it is not the Government’s practice to provide details of all such meetings.

The FCA has been investigating the events leading to the suspension of the Woodford Equity Income Fund, as the independent regulator responsible for the supervision and regulation of conduct in financial services. While the Treasury continues to follow this case closely, it is the responsibility of the FCA to investigate and decide upon the appropriate course of action.