The EU Parliament ’ s remit was to investigate without prejudice, alleged breaches of Community law in relation to the collapse, to assess the UK regulatory regime in respect of Equitable Life and to look at the adequacy of remedies available to policyholders including the 15, 000 non UK members.

Equitable remedies are generally remedies other than the payment of damages.

Equitable remedies may include injunctive relief in the form of a negative injunction that would be used to prevent the wrongdoer from benefiting from any contractual relationship that may arise out of the interference, i. e., the performance of a singer who was originally contracted with the plaintiff to perform at the same time.