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Financial Services: Pay

Volume 498: debated on Tuesday 27 October 2009

To ask the Chancellor of the Exchequer if he will require UK Financial Investments to oblige any financial institutions in receipt of public money which have a policy of paying end of year bonuses to publish the payments and their recipients at the time the payment is made. (295595)

The Government’s policy is that state-controlled companies’ (including UKFI investee banks’) approach to disclosure should follow the requirements for companies listed on the Stock Exchange, including the Combined Code on Corporate Governance and Directors’ Remuneration Report Regulations.