Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Chi Onwurah on 2016-02-26.

To ask Mr Chancellor of the Exchequer, what assessment he has made of whether payments to AirBnB constitute remittances for the purposes of financial regulation.

Harriett Baldwin

I can confirm that Airbnb is not currently an FCA-authorised firm. However, it is not for the Government to comment on the regulatory status of individual firms. It is for the FCA to decide whether a firm should be brought into regulation, based on a detailed assessment of that firm’s activities, and with reference to the regulations that the FCA is responsible for enforcing. It is for firms to review their own business operations to see whether they are carrying out regulated activities.