Clause 14 - FCA to exercise functions under part 6 of FSMA 2000

Part of Financial Services Bill – in a Public Bill Committee at 9:00 pm on 6 March 2012.

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Photo of George Howarth George Howarth Labour, Knowsley 9:00, 6 March 2012

Order. It might be helpful if I add to what I have already said to the Minister. I am not sure whether it is of great import to him or anyone else, but just so that we get it absolutely correct, it is open to any member of the Committee to claim to move a closure motion at any point in the proceedings, including while the hon. Gentleman or anyone else is on his feet. The decision to accept that motion, however, rests with me. As matters stand, I judge that the hon. Gentleman is speaking relevantly to the amendments. It would depend on the circumstances, but I would be disinclined to accept a closure motion at this point in time.