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Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Tuesday, 11 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].

Dormant Bank and Building Society Accounts Bill [HL]

To add to what my noble friend Lady Noakes said, does not this direction power amount to a vote of no confidence in the FSA? The Treasury’s own explanation ends by stating that the direction does no more than require a company to give effect to, or to comply with, requirements to which it is already subject under the Bill and which will previously have been approved by Parliament. I thought that the Minister’s explanation yesterday was that the regulatory system was a matter for the FSA, not the Treasury itself.

Secondary information

Type
Proceeding contribution
Reference
697 c54GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
Link
View this Proceeding contribution on www.publications.parliament.uk