Clause 29

Part of Financial Services Bill – in a Public Bill Committee at 5:15 pm on 15th December 2009.

Alert me about debates like this

Photo of Ian Pearson Ian Pearson Economic Secretary, HM Treasury 5:15 pm, 15th December 2009

Yes, that is the case. The situation is very much the same as has been outlined previously. It depends on the identity of the host regulator, which we have made clear on several occasions.

The measure has been welcomed as a result of the consultation exercise that we conducted. We are introducing it under the Bill, and I hope that the clause is accepted.