Written Question·Treasury·UIN 105771

Financial Services: Insolvency

Tabled: 14 January 2026

Answered: 21 January 2026

Question

Afzal Khan

To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure transparency and accountability where FCA-authorised firms fail and retail investors have losses.

Answer

Lucy Rigby

The Financial Conduct Authority (FCA) assumed responsibility for the peer to peer lending sector in 2014. In 2016, the FCA launched a post-implementation review into the peer to peer and crowdfunding sector, leading to a consultation on updated rules for ...

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