H2O Asset Management

Treasury written question – answered on 17th September 2020.

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Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government whether (1) they, or (2) the Financial Conduct Authority, have reviewed the accuracy of public statements made by H2O Asset Management on the gating of funds.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.

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