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Written question asked by Lord Flight (Conservative) on Friday, 1 November 2002, in the House of Commons. It was due for an answer on Wednesday, 6 November 2002. It was answered by Ruth Kelly (Labour) on Wednesday, 6 November 2002 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, what proposals he has to encourage easier access to professional indemnity insurance for the Financial Services Authority in response to the recent recommendations from the FSA.
Answer

Mr. Flight: To ask the Chancellor of the Exchequer what proposals he has to encourage easier access to professional indemnity insurance for the Financial Services Authority in response to the recent recommendations from the FSA. [79710] Ruth Kelly: Regulatory requirements relating to professional indemnity insurance are a matter for the Financial Services Authority, which is the single statutory regulator for the UK financial services industry. In a press statement on 29 October 2002, the FSA announced technical changes to its rulebook regarding professional indemnity insurance.


Secondary information

Type
Written question
Reference
79710; 392 c287W;392 c298W
Session
2001-02
Subjects
Advisory services Financial services Insurance Financial Services Authority Regulation
Link
View this Written question on www.publications.parliament.uk