Proceeding contribution from David Gauke (Conservative) in the House of Commons on Tuesday, 28 November 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Investment Exchanges and Clearing Houses Bill.
Investment Exchanges and Clearing Houses Bill
May I suggest a different set of circumstances. Let us say that the FSA decides to intervene in a change proposed by the LSE, and it decides to apply for judicial review of that decision. The FSA’s regulatory objectives include the protection of consumers, but do not include the desirability of maintaining the competitive position of the UK—it merely has to have regard to that. The FSA could be vulnerable to having its decision overturned on those grounds.
Secondary information
- Type
- Proceeding contribution
- Reference
- 453 c990-1
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountability Bureaucracy Jurisdiction Investment Financial Services Authority Financial markets Ownership Powers Standards Regulation Stocks and shares Rules of procedure Takeovers USA Trade competitiveness London Stock Exchange Recognised clearing houses Recognised investment exchanges
- Legislation
- Investment Exchanges and Clearing Houses Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 11:15:34 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_361447
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