Clause 3
Compensation Bill [Lords]
3:00 pm
Oliver Heald (Shadow Secretary of State for Constitutional Affairs & Shadow Chancellor of the Duchy of Lancaster (Assisted By Shadow Solicitor General), Constitutional Affairs; North East Hertfordshire, Conservative)
I think that the Financial Services and Markets Act 2000 specifically extended the jurisdiction out to the Isle of Man and the Channel Islands. The hon. Member for Bassetlaw raises the intriguing possibility of having what amounts to an alternative business structure combining insurance, claims handling and solicitors’ activities based in the Isle of Man. What would be the Minister’s response to that? I do not trust the people involved in that area.