HC Deb 18 July 2002 vol 389 cc468-9W
36. Mr. Clapham

To ask the Chancellor of the Exchequer what assessment he has made of the Financial Services Compensation Scheme: and if he will make a statement. [68437]

Ruth Kelly

The Financial Services Compensation Scheme acquired its powers and responsibilities under the Financial Services and Markets Act 2000 on 1 December 2001. Since then it has been an important part of the overall framework of consumer protection provided under the Act.