Introduction
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1. I am laying this report before both Houses of Parliament, pursuant to section 10(4) of the Parliamentary Commissioner Act 1967, because I consider this to be in the public interest. The report sets out my decision on whether to conduct a further investigation into the prudential regulation of the Equitable Life Assurance Society (Equitable Life) and the reasons for that decision. This fulfils my commitment to announce my decision before the Parliamentary recess. I am also sending a copy of this report to everyone who contacted me during my recent consultation exercise.
