Tag: Lord Vinson

The below Parliamentary question was asked by Lord Vinson on 2016-02-02.

To ask Her Majesty’s Government, further to the Written Answer by Lord O’Neill of Gatley on 27 January (HL4999), when the Financial Conduct Authority (FCA) last monitored or audited the procedures that require institutions explicitly to set out that they may lend shares on behalf of investors for the purpose of short selling; and what assessment they or the FCA have made of whether beneficial owners of shares are fully aware of the consequences to them of their shares being lent for short selling.

Lord O’Neill of Gatley

This is an operational matter for the Financial Conduct Authority (FCA), who are 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.

The below Parliamentary question was asked by Lord Vinson on 2014-06-11.

To ask Her Majesty’s Government what was the cost to public funds, in each of the last five years, of compensation payments to illegal immigrants who had been unlawfully detained beyond the statutory period; and what was the legal aid cost of the lawyers undertaking those compensation claims.

Lord Faulks

1 April 2008 we have reported on compensation cases and disclosed information on individual cases where the costs exceeded £250,000. We do not report the individual details on cases below this threshold, or prior to this date.

Information relating to compensation, ex-gratia and adverse legal costs payments is available and can be found within the Losses and Special Payments disclosure in the UKBA Annual Report and Accounts. These are available on the Home Office Website via the attached link.

www.gov.uk/government/publications?departments%5B%5D=uk-border-agency

Legal Aid Agency data does not distinguish between false imprisonment claims made by illegal immigrants and those made by other individuals.

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