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

Part of the debate – in the House of Lords at 9:00 pm on 12 November 2012.

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Photo of Lord Flight Lord Flight Conservative 9:00, 12 November 2012

My Lords, I am delighted to see that my Amendment 37A has effectively been reproduced by the Government. I apologise as I note that my amendment states, "The FCA may appoint", whereas it should refer to the PRA. I had taken the same wording for the PRA panel as for the FCA panel. It is healthy to have this structure, which will give people greater confidence to work with the PRA.