New Clause 4
Financial Mutuals Arrangements Bill
10:00 am
Edward Balls (Economic Secretary, HM Treasury; Normanton, Labour)
It was our intention to consult the Channel Islands and the Isle of Man about new clause 5 before exercising the power, but given the time available, it has not been possible to complete those consultations satisfactorily. The new clause would not have a material impact on the Bill or the sector, so it is not my intention to move it.