HC Deb 17 November 2003 vol 413 c523W
Mr. Martlew

To ask the Chancellor of the Exchequer what plans he has to make the equity release market subject to Financial Services Authority regulation. [138959]

Ruth Kelly

Mortgage based equity release schemes will be regulated by the Financial Services Authority (FSA) with effect from 31 October 2004. On 11 November 2003, I published a consultation document seeking views on whether home reversion plans should come within the scope of FSA regulation. Copies of this consultation document are available in the Library.

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