---

Financial Services Bill

I apologise for making another interruption, but I should like to clarify what I said about staff currently employed by the FSA who will be transferred to a new body. I know as a matter of fact that they have been told that on 1 April they will be TUPE-ed across into a new body, which assumes that the Government have in their mind that this Bill will reach Royal Assent by 1 April. I believe that that is what the FSA has been told. I think that some expenditure has been incurred—not a huge amount—because it has advertised for someone to head up this body. Although I may be mistaken, I think that interviews have taken place. It seems rather strange that all this is happening at this point. I cannot see for the life of me why there is a rush. I can assure the House that this is happening.