Clause 50
Consumers, Estate Agents and Redress Bill
11:15 am
Mark Prisk (Shadow Minister (Small Businesses and Enterprise), Trade & Industry; Hertford and Stortford, Conservative)
I beg to move amendment No. 39, in clause 50, page 30, line 25, leave out from ‘scheme’ to end of line 26.
Clause 50(4) reads:
“A regulator may, in accordance with section 51, withdraw its approval of a redress scheme,”
but goes on to say that it
“may do so generally or in relation to consumer complaints of a description specified by the regulator.”
The purpose of this probing amendment is simply to establish on what basis a regulator might withdrawits approval of a redress scheme. The wording of the subsection is a little unclear, and for the sake of the record it would be helpful if the Minister couldclarify it.