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Written Question
Regulation: Finance
Tuesday 1st May 2018

Asked by: Lord Teverson (Liberal Democrat - Life peer)

Question to the Cabinet Office:

To ask Her Majesty's Government which regulators in (1) the UK, and (2) England, are fully funded by the industries or sectors that they regulate and receive no grant in aid from their sponsoring departments for those regulatory activities.

Answered by Lord Young of Cookham

The following list includes bodies with non-devolved regulatory functions which received no Grant in Aid in 2016-17. It is based on information available to the Cabinet Office, and may not be comprehensive. In particular it does not include bodies whose regulatory activities are fully funded by the sectors they regulate, but which receive grants for non-regulatory activities.

  • Animals in Science Regulation Unit;

  • Architects’ Registration Board;

  • Assay Offices;

  • British Hallmarking Council;

  • Claims Management Regulation Unit;

  • Commissioners of Irish Lights;

  • Companies’ House;

  • Driver and Vehicle Licensing Agency;

  • Financial Conduct Authority;

  • Financial Reporting Council;

  • Gambling Commission;

  • Groceries Code Adjudicator;

  • Intellectual Property Office;

  • Land Registry;

  • Legal Services Board;

  • Northern Lighthouse Board;

  • Office for Nuclear Regulation;

  • Office of Rail and Road;

  • Office of the Public Guardian;

  • OFWAT;

  • Oil and Gas Authority;

  • Prudential Regulation Authority;

  • Security Industry Authority;

  • Trinity House;

  • Vehicle Certification Agency.