Clause 178
Banking Bill
12:45 pm

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Photo of Mark Hoban

Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)

I dealt with the Investment Exchanges and Clearing Houses Act 2006 when it went through Parliament. In that Act, the FSA clearly has the responsibility for approving rule changes put forward by the clearing houses and investment exchanges. Would it not be better for that legislation to be modified through this Bill, rather than relying on a memorandum of understanding?

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