Financial Services Authority

Treasury written question – answered on 11th July 2012.

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Photo of Michael Connarty Michael Connarty Labour, Linlithgow and East Falkirk

To ask the Chancellor of the Exchequer when he expects the process to replace the Financial Services Authority with successor bodies to be completed.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Government's intention is for the new regulatory authorities to be in place in early 2013. This is dependent on the Bill receiving Royal Assent at the end of 2012, which will be subject to the parliamentary timetable.

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