Clause 42 - Guidance on requirements
Consumer Credit Bill
11:45 am
Gerry Sutcliffe (Parliamentary Under-Secretary (Employment Relations and Consumer Affairs), Department of Trade and Industry; Bradford South, Labour)
The Minister has in mind that the OFT acts in concordance with its normal rules and procedures on how it deals with issues relating to discussion and consultation. The OFT is responsible to the Cabinet Office concordat that sets out how best practice on consultation and discussion should be administered. I am sure that the hon. Gentleman has read the details of that concordat backwards. It is reasonable to expect that the OFT will consult with all relevant stakeholders, which has been the way in which we have dealt with the issue previously on all matters relating to the Bill and to the White Paper.