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Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Monday, 16 January 2006. It occurred during Debate on bill and Committee proceeding on Compensation Bill [HL].


Compensation Bill [HL]

Will the Minister comment on one issue. As the Bill is drafted,"““The Regulator shall . . . comply with any directions given to him by the Secretary of State; . . . have regard to any guidance given to him by the Secretary of State; . . . have regard to any code of practice issued to him by the Secretary of State””," and many other minor issues such as information. Returning to my noble friend’s original approach to regulation, the FSA model is not on offer because under the Bill there is no question of the regulator being independent. The regulator must do what the regulator is told to do and in the way that the regulator is told to do it.


Secondary information

Type
Proceeding contribution
Reference
677 c184GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Complaints Contracts Compensation Codes of practice Consumers Courts Companies Advertising Accidents Advisory services Cross border cooperation Housing Fees and charges EU law Financial services Legal representation Personal injury Protection Negligence Rehabilitation Standards Regulation Tenants Telephone services Unsolicited goods and services Claims management services
Legislation
Compensation Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk