Financial Services Bill

AMENDMENTS
TO BE MOVED
ON REPORT

Clause 6

LORD HODGSON OF ASTLEY ABBOTTS

 

Page 24, line 41, at end insert—

“Consumer protection: further objectives

1JA Consumer protection: further objectives

The Treasury may by order—

(a) amend or supplement the factors set out in section 1C(2) to which the FCA must have regard when considering what degree of protection may be appropriate for consumers, where one of the principal aims of consumers engaging in investment activity is to benefit society or the environment; and

(b) specify circumstances in which the FCA may regard consumers to be engaging in investment activity with the aims set out in paragraph (a).”

 

Page 34, line 1, leave out “or restriction which is” and insert “, restriction or operational rules which are”

 

Page 34, line 3, after “proportionate” insert “, reasonable and fair”

 

Page 34, line 5, leave out “or restriction” and insert “, restriction or operational rules”

Prepared 31st October 2012