Land Investment Companies

Communities and Local Government written question – answered on 11th July 2012.

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Photo of Gordon Henderson Gordon Henderson Conservative, Sittingbourne and Sheppey

To ask the Secretary of State for Communities and Local Government if he will review the (a) operation and (b) regulation of land investment companies.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

I have been asked to reply on behalf of the Treasury.

Regulation of land investment companies which fall within the scope of Collective Investment Schemes (CIS) as defined in section 235 of the Financial Services and Markets Act 2000 is a matter for the Financial Services Authority, as the independent regulator.

The Financial Services Authority keeps the coverage of collective investment schemes under review.

Does this answer the above question?

Yes4 people think so

No4 people think not

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