§ Ms LawrenceTo ask the Chancellor of the Exchequer if he will make a statement on the scope of regulated activities under the draft Financial Services and Markets Bill. [73881]
§ Ms HewittThe Financial Services and Markets Bill provides for the scope of regulated activities to be set out in secondary legislation. This will make it easier to respond to developments in the financial services industry.
The Treasury has today issued a consultation document with draft orders under the Bill. The deadline for initial comments is 30 April. We are consulting on this legislation well in advance so that we have the longest possible time to get it right.