Session 2010 - 12
Internet Publications
Other Bills before Parliament
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| | For other Amendment(s) see the following page(s) of Supplement to Votes:
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| | 4155-57, 4203-08 and 4227-34 |
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| | Financial Services Bill, As Amended |
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| | To move the following Clause:— |
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| | | ‘(1) | The FPC must carry out and publish a review of the operation of consumer |
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| | | prepayment schemes to consider whether existing protection for consumers is |
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| | | (2) | The FPC must make recommendations under subsection (1) within one year of |
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| | | this section coming into force. |
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| | | (3) | Any report produced by the FPC under subsection (1) shall include an analysis of |
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| | | whether consumers of prepayment schemes should be made preferential creditors |
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| | | for the purposes of the distribution of the realised assets of the company operating |
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| | | such schemes in the event of insolvency.’. |
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| | Page 17, line 1 [Clause 5], after ‘transaction’, insert ‘, any common law fiduciary |
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| | duties owed by the provider in question’. |
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