Proceeding contribution from Lord Hunt of Wirral (Conservative) in the House of Lords on Tuesday, 7 March 2006. It occurred during Debate on bill on Compensation Bill [HL].
Compensation Bill [HL]
My Lords, hooray. This amendment is very welcome because it removes the last vestige of ambiguity about the intention to get a system of regulation up and running as soon as possible. Those noble Lords who followed these debates will be all too aware of my often re-stated belief that the long-term solution to the ills of this sector must be an arms-length regulator who is closely allied with the FSA model of regulation. However, we all tend to live in the short-term and the need for action is urgent if vulnerable people are to be protected. I therefore welcome this re-statement of the role of the Secretary of State as the regulator of last resort. The last we heard about this amendment was that the Government might accept it. I am delighted to learn that they now ““shall”” accept it. Amendment agreed to. Clause 4 [Exemptions]:
Secondary information
- Type
- Proceeding contribution
- Reference
- 679 c698
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Complaints Compensation Appeals Courts Damages Civil liability Accidents Enforcement Health and safety Insurance companies Exemptions Ethics Personal injury Staff Negligence Standards Schools Training Regulation Trespass Claims management services Claims Management Services Tribunal
- Legislation
- Compensation Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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