I am sure that my interruption is unwelcome, for which I apologise, but it is quite important. Further consultations have been measured and, as my noble friend Lady Kramer pointed out, the aspects of PRIIPs and MiFID where there has been gold-plating that is causing these problems were never consulted upon. It is within the gift of the FCA to make changes. These cost disclosure issues have...
My Lords, I declare my financial services interests as in the register. I congratulate the noble Baroness, Lady Altmann, on her speech and on the great energy that she has put into seeking clarity for the consumer, and fairness for listed investment companies and their investee businesses. A series of legislative time bombs planted under listed investment companies have culminated over the...
I will exercise my privilege to continue, if the House is willing. It is necessary for such an important subject. The FCA alleges that it cannot change the rules to undo the misleading cost allocations, as they are in retained EU law, but as has been said, it has to change only its own interpretation. For the record, the damage that the FCA’s illegal, irrational and inconsistent...
More of Baroness Bowles of Berkhamsted’s recent appearances
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Entered the House of Lords on 1 December 2015
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