Clause 5
Amendment moved (this day): 19, in clause 5, page 3, line 36, at end add—
‘(3) Approved account providers must be persons who are regulated by the Financial Services Authority under the Financial Services and Markets Act 2000.
(4) Regulations may limit approved account providers to persons from any or all of the following—
(a) Banks;
(b) Building Societies;
(c) Friendly Societies;
(d) Credit Unions;
(e) Industrial and Provident Societies;
(f) Post Office Ltd.’.—(Dr. Ladyman.)