House of Commons
As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.
CAPITA AND ARCH CRU
EDM #230
Tabled 12 June 2013
2013-14 Session
That this House condemns the failure of Capita Financial Managers Limited (CFML) and the Financial Conduct Authority (FCA) to compensate fully the 20,000 innocent people affected by the suspension of the UK authorised and regulated Arch Cru investment funds; notes that investors, many of whom put in their life savings, were informed these were low risk funds; holds Capita responsible for failures in oversight of the funds, the investments of which were hidden behind Guernsey cell companies to give them the aura of eligible holdings; is gravely concerned that this failure may well impact on investors in some of the other 230 funds, worth around £20 billion, managed by CFML; demands that the FCA act on its own handbook rules and enforce the remedies set out therein to oblige Capita to compensate investors; and calls on the Chancellor of the Exchequer and the Financial Secretary to the Treasury to act immediately to ensure that such failures in financial regulation are never repeated.

Signatures (37)

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
In addition to the sponsors, the following Members have signed to support the motion.
These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.