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Lord Forsyth of Drumlean (Con)

Speaking in the House of Lords on 24 March 2025

Debate

Closed-Ended Investment Companies: Cost Disclosure

Contribution

My Lords, what is going wrong when Parliament—and all credit to the Government for acting on this matter—and the Government pass a statutory instrument and the regulator then puts out a consultation document that provides for reversing what the Government have said should happen and what Parliament has decided? I know that the Minister must be aware of the number of Peers and others who have written on this matter. Surely the regulator is accountable to Parliament and the Government and should behave accordingly.

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