Lord Myners – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2016-03-17.

To ask Her Majesty’s Government whether they intend to monitor the role of institutional investors in voting their clients’ shares regarding the potential takeover of the London Stock Exchange, in order to ensure that this reflects the best interests of the clients rather than the fund manager or related parties.

Lord O’Neill of Gatley

The regulatory framework governing asset managers requires managers to take all reasonable steps to identify, prevent, manage and monitor conflicts of interest.

The Financial Conduct Authority are responsible for the supervision of firms to ensure consumers are protected and treated fairly.