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

To ask Her Majesty’s Government, further to the Written Answer by Lord Prior of Brampton on 20 March (HL5833), what criteria they will employ to assess the impact of the voluntary package of pre-pack administration reforms for the body that will make the assessment as to whether further regulation of pre-pack administration is needed.

The 2015 voluntary reforms were based on recommendations made by the independent Graham Review into Pre-pack Administration in 2014. The assessment of those reforms will focus on the suboptimal behaviour in some pre-packs described in the Graham Review’s report - that they lacked transparency and that their marketing and valuation methods could be improved – and whether the voluntary reforms have had an impact on their effect.