Question to the HM Treasury:

To ask Her Majesty's Government why the Financial Conduct Authority has decided not to make independent periodic checks on the compliance of Financial Conduct Authority regulations by authorised firms, particularly the accuracy of key consumer protection information such as representative APR.

This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.