Point of Order

– in the House of Commons at 4:34 pm on 19 October 2009.

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Photo of Douglas Hogg Douglas Hogg Conservative, Sleaford and North Hykeham 4:34, 19 October 2009

On a point of order, Madam Deputy Speaker. I have given Mr. Speaker notice of this point of order, which relates to Wednesday's debate on Equitable Life. Many right hon. and hon. Members, myself included, suffered financial loss as a result of the failure of the Equitable, and therefore we have a pecuniary interest in the outcome of the report on the matter and the Government's considerations. We are going to need some guidance, if Mr. Speaker can give it, as to the propriety of voting on matters in which we have a pecuniary interest, and whether it is possible in some way to register that interest. Otherwise, we will be voting without the public knowing that we have a pecuniary interest, which is intrinsically rather difficult to justify.

Photo of Sylvia Heal Sylvia Heal Deputy Speaker

I understand that there is in fact long-standing advice on the matter from the Registrar of Members' Financial Interests. If a new point has arisen, perhaps the right hon. and learned Gentleman would write to Mr. Speaker. I suggest that he take his point to the registrar, who will give the necessary advice.

Photo of Douglas Hogg Douglas Hogg Conservative, Sleaford and North Hykeham

Further to that point of order, Madam Deputy Speaker. I tried some time ago to register with the registrar the fact that I had a pecuniary interest, namely that both my wife and I suffered loss as a result of the failure of the Equitable. I was not able to register it, as it was decided not to be an appropriate subject for registration. I therefore have some difficulty in seeing how Members can declare to the public that we have such pecuniary interests.

Photo of Sylvia Heal Sylvia Heal Deputy Speaker

In view of the points that the right hon. and learned Gentleman has raised, I will ensure that inquiries are made and that he is informed of the advice given.