Proceeding contribution from Lord Myners (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
I would always defer to the advice and conclusion of my noble friend Lord Eatwell, but the petulant language used by the Minister is a sign of how rattled he is by this subject. I invite the Minister to clarify. He has said that if this order is not approved today it would deny the people of Northern Ireland certainty and protection in due course, with effect from the end of March next year. Can the Minister confirm that delaying the approval of this order for another week so that the necessary information can be reviewed by Parliament would mean that that certainty could not be delivered and that this is, therefore, the last chance for us to discuss it? In the absence of a clear answer I think that the should withdraw this order and re-present it to the Committee in a week or so.
Secondary information
- Type
- Proceeding contribution
- Reference
- 731 c7GC
- 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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- 2023-12-15 21:19:36 +0000
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