§ Mrs. MayTo ask the Chancellor of the Exchequer how many independent financial advisers were regulated by the Financial Services Authority in each of the last three years. [147038]
§ Ruth KellyThe Financial Services Authority informs me that these figures are not available.
§ Mrs. MayTo ask the Chancellor of the Exchequer what representations he has received regarding the impact on independent financial advisers of compliance with Financial Services Authority requirements. [147039]
§ Ruth KellyMinisters and civil servants receive representations from a wide variety of members of the financial services community. As with previous Administrations, it is not this Government's practice to provide details of all such representations.
Under the Financial Services and Markets Act 2000, the Financial Services Authority is obliged to consult publicly on all new regulatory requirements. The FSA has specific mechanisms in place to seek the views of consumers and practitioners, including small firms.
§ Mrs. MayTo ask the Chancellor of the Exchequer what assessment he has made of the impact on(a) independent financial advisers and (b) the financial services sector of the costs of complying with Financial Services Authority requirements. [147040]
§ Ruth KellyThe Financial Services and Markets Act 2000 requires the Financial Services Authority (FSA) to
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Project title Country Value (£) Legal Adviser within Coalition Provisional Authority South (CPAS) Iraq 72,925 Economic Support to Coalition Provisional Authority South (CPAS) Iraq 98,655 Secondment of Negotiations Support Staff to the Office of Prime Minister West Bank and Gaza 75,800 ITD-DFID Staff Training1 Global (Non Project Specific) 288,435 Support to the Office of the Prime Minister and to the Cabinet Office West Bank and Gaza 100,400 Economic Development within 1st Military Division HQ Basra Iraq 57,910 Economic Support within 1st Military Division HQ Basra Iraq 55,510 International Lawyer within 1st Military Division HQ Basra Iraq 63,110 Andhra Pradesh Economic Restructuring Programme—Public Enterprise Reforms, Phase II India 416,435 Asia Trade Consultancy United Kingdom 44,200 Support Services for Public Enterprise Restructuring in South Africa South Africa, Republic of 6,363,435 Support for capacity-building in the Ministry of Finance and Central Bank Afghanistan 1,229,655 Trade Training for DFID Staff—Bangkok1 United Kingdom 32,328 Support to Water Sector Regulation by PURC-Ghana Ghana 1,079,100 Trade Training for DFID Staff United Kingdom 20,075 Consultants for Standards, Technical Regulatory Barriers Programme Global (Non Project Specific) 43,990 Pilot Training and Capacity Building in International Waterhouse Law Kyrgyz Republic 131,174 Trade Enabling Agreement Global (Non Project Specific) 1– Communications Film for Department of Disinvestment India 89,500 PSRC: Water Privatisation and Regulation Study Tour Tanzania 54,924 Support for Public Sector Undertaking Reforms and Social Safety Net in Madhya Pradesh India 80,000 Conference on Disinvestment India 70,000 Russia Trade Policy Project Russia 1,199,041 Lead Adviser to Parastatal Sector Reform Commission (PSRC) Tanzania 195,690 Seminar on Export Credits and Developing Countries United Kingdom 101,035 Rehabilitation of Cyclone Damaged Lift Irrigation Points in Orissa India 622,736 Initial Support to the Budgetary Processes of the Government of Macedonia Macedonia 13,630 Medium Term Programme of Capacity Building for PURC Ghana 636,900 UK-Ireland Privatisation and Regulation Study Tour Tanzania 11,145 carry out and publish for consultation cost-benefit analysis of new regulatory requirements. The Treasury does not conduct any additional assessment.