Proceeding contribution from Lord Eatwell (Labour) in the House of Lords on Monday, 17 October 2011. It occurred during Debates on delegated legislation on Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2011.
Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2011
My Lords, I put a question to the noble Lord, which he has not answered, regarding the response of the people of Northern Ireland to the question about whether they agree with the order. On this side of the Committee we are entirely supportive of the objectives of the order. That is not the point that I am raising. My point is that the Merits Committee wrote to the Treasury on 13 October, reminding it to ensure that the summary of this draft instrument was available before the debate in the House. I have not been able to find a summary of the consultation on this draft instrument. Without the reactions of the people of Northern Ireland, who are closely and greatly involved in credit unions, as the Minister pointed out, it is very difficult to offer the order proper scrutiny. Therefore, I cannot continue, other than to say that it would be appropriate for the Treasury to ensure that relevant consultation material is published, as the Merits Committee requires, prior to consideration of draft legislation by the Committee.
Secondary information
- Type
- Proceeding contribution
- Reference
- 731 c5GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Compensation Consumers Credit unions Financial services Exemptions Financial Services Authority Financial markets Northern Ireland Regulation Financial Services Compensation Scheme
- Legislation
- Financial Services and Markets Act 2000 (Exemption) (Amendment No. 2) Order 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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