Private Equity

Treasury written question – answered on 22nd June 2021.

Alert me about debates like this

Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Human Rights), Shadow DUP Spokesperson (Health)

To ask the Chancellor of the Exchequer, whether he plans to take steps to protect investors in the UK from equity buyouts.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government is committed to ensuring that the UK continues to represent an attractive and fair place to do business, and is a world-leading, global financial centre. Investment is central to this vision and the UK has some of the world’s deepest and most liquid equity markets, attracting the best companies from around the globe and connecting them with investors.

The Takeover Code, written and enforced by the Takeover Panel, ensures investors are given an appropriate degree of protection when there is a takeover of a company. It ensures that investors are treated equally, given appropriate information, and have time to consider the offer.

Further to this, in the recently published Audit Reform white paper, the Government set out its ambitious plans to strengthen the UK’s audit, company reporting and corporate governance framework. The reforms will ensure that the UK’s most significant corporate entities are regulated responsibly and will empower investors by giving them access to reliable and meaningful information on company performance. Under the proposals, a reformed statutory regulator will be given new investigation and enforcement powers in relation to wrongdoing by directors. Additional measures will support company resilience and protect the interests of shareholders.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.