Session 2012 - 13
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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| | 4291-4300 (Session 2010-12) |
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| | Financial Services Bill, As Amended |
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| | Page 130, line 38 [Clause 47], at end insert— |
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| | | ‘(g) | making provision for the increased diversity of the financial services |
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| | | sector and promotion of mutual societies, including arrangements to |
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| | | measure the number of members of mutual societies, and the market |
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| | | share for mutual societies as a proportion of the UK financial services |
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| | Page 127, line 38 [Clause 40], at end insert— |
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| | ‘Complaints by small businesses |
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| | | 234I | Small businesses—complaints and proceedings |
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| | | (1) | The Treasury and Secretary of State shall bring forward proposals within three |
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| | | months of Royal Assent to the Financial Services Act 2012 in the following |
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| | | (a) | to introduce provision for collective proceedings before the court in |
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| | | respect of financial services claims made on an opt-out basis by small and |
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| | | medium sized enterprises; and |
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| | | (b) | to introduce provision for complaints by small and medium sized |
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| | | enterprises to the FCA that a feature, or combination of features, of a |
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| | | market in the United Kingdom for financial services is, or appears to be, |
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| | | significantly damaging the interests of small business.’. |
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