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Written question asked by Lord Tyrie (Non-affiliated) on Thursday, 2 May 2024, in the House of Lords. It was due for an answer on Friday, 17 May 2024. It was answered by Lord Johnson of Lainston (Conservative) on Friday, 17 May 2024 on behalf of the Department for Business and Trade.


Company Investigations: Disclosure of Information

Question

To ask His Majesty's Government in each of the past three years how many times (1) OFCOM, (2) OFGEM, (3) the Competition and Markets Authority, and (4) the Financial Reporting Council, have exercised the power to disclose the identity of persons under investigation.

Answer

The subject of OFCOM’s investigations are services rather than individual persons. The details of these investigations are published on OFCOM’s website.

OFGEM also publishes details of its investigations on its website.

The Competition and Markets Authority exercised the power to identify persons under investigation in seven cases in 2021; ten cases in 2022; and in five cases in 2023. In some of these cases multiple parties have been identified.

The Financial Reporting Council has not exercised the power in any of the past three years.


Secondary information

Type
Written question
Reference
HL4370
Session
2023-24
Subjects
Disclosure of information Company investigations Ofgem Ofcom Financial Reporting Council Competition and Markets Authority
Contains statistics
Yes
Link
View this Written question on www.parliament.uk