Session 2010 - 12
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Notices of Amendments: 17 April 2012                  

4234

 

Financial Services Bill, continued

 
 

(b)    

the publication each year of the market share for mutual societies as a

 

proportion of the UK financial services sector.’.

 

Chris Leslie

 

Cathy Jamieson

 

39

 

Page  14,  line  36  [Clause  4],  at end add—

 

    

‘Within a year of commencement of this Act the Bank of England shall publish a

 

review of the effectiveness of co-ordination by the regulators of the exercise of

 

their functions relating to membership of, and their relations with, the European

 

Supervisory Authorities (namely, the European Banking Authority, the European

 

Insurance and Occupational Pensions Authority and the European Securities and

 

Markets Authority), and their relations with other regulatory bodies outside the

 

United Kingdom.’.

 

Stella Creasy

 

Mr Philip Hollobone

 

Mark Durkan

 

Sir Peter Bottomley

 

Yvonne Fovargue

 

Caroline Lucas

 

Neil Parish

 

40

 

Page  80,  line  2  [Clause  22],  at end insert—

 

‘(2A)    

The FCA may make rules or apply a sanction to authorised persons who offer

 

credit on terms that the FCA judge to cause consumer detriment. This may

 

include rules that determine a maximum total cost for consumers of a product and

 

determine the maximum duration of a supply of a product or service to an

 

individual consumer.’.

 


 
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Revised 18 April 2012