Financial Mutuals Arrangements Bill

When it comes to what appears directly in the Bill, I would be more inclined to see a better balance in the light of the complexities. We do not want to see too much detail, which would mean drafting a new Bill every time we wanted change. It is a balancing act. I am simply flagging up the fact that I would like to see the problem explored further in Committee. I am certainly not saying that the FSA should not have authority to propose changes, with the double lock that they must be supported by the Treasury. I was about to conclude. I view this as a welcome deregulatory Bill, and the House should support it.