Written Question·Treasury·UIN 31990

Politically Exposed Persons

Tabled: 21 February 2025

Answered: 3 March 2025

Question

John Glen

To ask the Chancellor of the Exchequer, what information her Department holds on when the Financial Conduct Authority plans to respond to its consultation entitled Proposed amendments to Guidance on the treatment of politically exposed persons, published

Answer

Emma Reynolds

The Government has been working closely with the FCA to follow up on the findings of its review into the treatment of Politically Exposed Persons (PEPs) by financial institutions and to ensure firms improve their practices where necessary. The FCA expects...

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