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Equitable Life Inquiry - Ombudsman delay unfortunate says Diana Wallis MEP
October 17, 2006 2:00 PM
Commenting on the UK Parliamentary Ombudsman's decision to further postpone the deadline for publication of her second report into Equitable Life, Diana Wallis MEP, Rapporteur to the European Parliament's Equitable Life Inquiry, said:
"I am surprised that such extensive and potentially critical information has until now been withheld by the Government. This so-called 'misunderstanding' is unfortunate to say the least.
"The European Parliament's Committee of Inquiry will consider the implications of this delay at its next meeting in November and will continue to carry out its mandate, regardless of this development."
The Ombudsman is investigating whether there was maladministration on the part of the regulators in relation to the debacle of Equitable Life. She was expected to release her report this autumn. The date for publication is now set at May 2007 at the earliest.
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