Clause 14

Part of Financial Services Bill – in a Public Bill Committee at 12:15 pm on 15 December 2009.

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Photo of Andrew Love Andrew Love Labour, Edmonton 12:15, 15 December 2009

I thank the Minister again for giving way so liberally on the issue, which is critically important. I am not a lawyer, therefore I defer to the greater knowledge  of my colleagues on the Committee, but I would accept that amendment 5 is not perhaps one that we should wish to pursue. The wording in amendment 3 and in new clause 1 may well not be entirely appropriate to achieve what is being attempted, but I think that there is a broad measure of agreement that something needs to be done about disclosure and the FSA. I hope that the Minister is willing to take the issue away and perhaps come back at a later stage in the Bill with something that will reassure the Committee and the House that action will be taken to ensure that the FSA lives up to its responsibilities in such matters.