§ Dr. IddonTo ask the Chancellor of the Exchequer what steps he is taking to ensure that compliance with the financial services legislation is not disproportionately burdensome for not-for-profit organisations offering low cost healthcare cash plans; what recent representations he has received on this matter; and if he will make a statement. [143677]
§ Miss Melanie JohnsonThe Financial Services and Markets Act 2000 requires the Financial Services Authority to follow the principle that regulatory burdens imposed on a person or organisation must be proportionate. We have received some representations on behalf of organisations in this sector.