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United Kingdom · Question · Written question

UIN 7131

Timesharing

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 December 2023

Last action

20 December 2023 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

20 December 2023

Summary

To ask the Chancellor of the Exchequer, whether he has had recent discussions with the (a) Financial Ombudsman and (b) Financial Conduct Authority on mis-sold time shares.

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Timeline

  1. 14 December 2023

    Written question

    To ask the Chancellor of the Exchequer, whether he has had recent discussions with the (a) Financial Ombudsman and (b) Financial Conduct Authority on mis-sold time shares.

    Source: Commons

  2. 20 December 2023

    Answer

    Timeshare arrangements are direct investments in property and are expressly carved out of regulation by the Financial Conduct Authority (FCA). Activities that are outside the remit of the FCA are also outside the compulsory jurisdiction of the Financial O...

    Source: Written answer

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