Financial Services Bill — Committee (2nd Day) (Continued)

Part of the debate – in the House of Lords at 9:30 pm on 15th March 2010.

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Photo of Lord Northbrook Lord Northbrook Conservative 9:30 pm, 15th March 2010

One of the troubles with new Section 3A(2), to be inserted by Clause 5, is that it states:

"In considering that objective the Authority must have regard to", three broad categories. However, it does not focus, as the amendment does, on what is important, which is the FSA's understanding of the objective and how it will be achieved. That is why I support my noble friend's amendment.