§ Mr. LawsTo ask the Chancellor of the Exchequer what plans he has to allow the Financial Services Authority to take over the regulation of mortgage advice to consumers; and if he will make a statement. [8928]
§ Ruth Kelly[holding answer 25 October 2001]: I am announcing today that, in the light of representations made by the industry and others, and taking account of the views of the report and responses to the Banking Services Consumer Codes Review, I have decided to extend the FSA's powers to enable it to regulate mortgage intermediaries and advice.