§ Mr. BellinghamTo ask the Chancellor of the Exchequer what plans his Department has to draft legislation which would enable UK covered bonds to be put on an approved list that is compliant with the European Directive on Undertakings for Collective Investments in Transferable Securities; and if he will make a statement. [168892]
§ Ruth KellyThe Financial Services Authority is considering the best way to enable covered bonds issued in the UK to be compliant with the UCITS Directive.