House of Lords Business
Show full summary

Lord Myners to ask Her Majesty's Government (1) whether they, or the Financial Conduct Authority, are monitoring the use by fund managers of forward equity subscription commitments to leverage the gearing of open-end fund portfolios, and what assessment they have made as to whether such fund managers are correctly reporting the existence of such commitments to potential and actual investors in relevant funds; and (2) whether they have reviewed the arrangements made and signed by Woodford Investments as a principal or agent for funds.  HL1332

Question HL1332: tabled on 4 February 2020 and due for answer by 18 February 2020

This type of business sits within the Questions & Statements category.

This question has been answered by the relevant Government Department.

Question text

Lord Myners to ask Her Majesty's Government (1) whether they, or the Financial Conduct Authority, are monitoring the use by fund managers of forward equity subscription commitments to leverage the gearing of open-end fund portfolios, and what assessment they have made as to whether such fund managers are correctly reporting the existence of such commitments to potential and actual investors in relevant funds; and (2) whether they have reviewed the arrangements made and signed by Woodford Investments as a principal or agent for funds.  HL1332
Legend for business item text
† Item that is new or altered.
* Item is an oral question.
Numbers starting HL are unique identifiers for written questions, Bills or papers.

Member's Registered Interests

There are no interests to show.

Main Member

Lord Myners
Crossbench
Life peer