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Industry Regulators: Fines

Volume 472: debated on Thursday 6 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what arrangements there are for the allocation to spending areas of revenue from fines imposed by those industry regulators for which his Department is responsible. (190551)

Fines by regulators would be treated as Consolidated Fund Extra Receipts (CFERs), which go directly to the Treasury, unless specified otherwise in legislation.