To ask His Majesty's Government what assessment they have made of recent volatility in the share price of software and data companies and the implications of this volatility in terms of (1) market transparency, (2) disclosure practices, and (3) investor protection.

The Government does not comment on specific movements in financial markets.

The Government, together with the Financial Conduct Authority, has already undertaken significant reforms to ensure UK capital markets deliver for British businesses and investors. This includes an ongoing programme to implement reforms to wholesale markets. These have been designed to maintain high regulatory standards, promote openness and competitiveness, deliver fair and proportionate regulation, and support economic growth, innovation and wealth creation across society.