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CAPITA AND ARCH CRU

EDM (Early Day Motion) 230: tabled on 12 June 2013

Tabled in the 2013-14 session.

This motion has been signed by 37 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

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.

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.

Anderson, Mr David
Labour
Signed on 18 June 2013
Blaydon
Bellingham, Mr Henry
Conservative
Signed on 25 June 2013
North West Norfolk
Bruce, Sir Malcolm
Liberal Democrat
Signed on 19 June 2013
Gordon
Campbell, Sir Menzies
Liberal Democrat
Signed on 2 July 2013
North East Fife
Campbell, Mr Ronnie
Labour
Signed on 19 June 2013
Blyth Valley
Carmichael, Neil
Conservative
Signed on 2 September 2013
Stroud
Caton, Martin
Labour
Signed on 18 June 2013
Gower
Davidson, Mr Ian
Labour
Signed on 2 September 2013
Glasgow South West
Davies, David T. C.
Conservative
Signed on 24 June 2013
Monmouth
Davis, Mr David
Conservative
Signed on 20 June 2013
Haltemprice and Howden
Dobbin, Jim
Labour
Signed on 18 July 2013
Heywood and Middleton
Dodds, Mr Nigel
Democratic Unionist Party
Signed on 3 July 2013
Belfast North
Donaldson, Mr Jeffrey M.
Democratic Unionist Party
Signed on 3 July 2013
Lagan Valley
Doran, Mr Frank
Labour
Signed on 18 July 2013
Aberdeen North
Flynn, Paul
Labour
Signed on 18 June 2013
Newport West
Goldsmith, Zac
Conservative
Signed on 18 November 2013
Richmond Park
Hemming, John
Liberal Democrat
Signed on 1 July 2013
Birmingham, Yardley
Hermon, Lady
Independent
Signed on 16 October 2013
North Down
Jones, Mr Marcus
Conservative
Signed on 17 July 2013
Nuneaton
McCrea, Dr William
Democratic Unionist Party
Signed on 19 June 2013
South Antrim
McDonnell, John
Labour
Signed on 20 June 2013
Hayes and Harlington
Reevell, Simon
Conservative
Signed on 26 June 2013
Dewsbury
Smith, Sir Robert
Liberal Democrat
Signed on 25 June 2013
West Aberdeenshire and Kincardine
Stunell, Andrew
Liberal Democrat
Signed on 8 July 2013
Hazel Grove
Swales, Ian
Liberal Democrat
Signed on 2 September 2013
Redcar
Williams, Roger
Liberal Democrat
Signed on 11 September 2013
Brecon and Radnorshire
Wilson, Sammy
Democratic Unionist Party
Signed on 27 June 2013
East Antrim
Wood, Mike
Labour
Signed on 27 June 2013
Batley and Spen
Wright, Simon
Liberal Democrat
Signed on 2 July 2013
Norwich South

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.