Financial Services Bill

I have mentioned the protocol, as my hon. Friend knows. Clearly, the Bank needs to have the information it requires to perform its duties and responsibilities, but I do not think there is a massive point of principle. On amendment 8, the FSA is already required to submit an annual report. The new international duty proposed in the Bill is a new function for the FSA and the reporting requirement would apply automatically to it. Again, I do not believe that the amendment is necessary. Amendment 6 concerns information about financial assistance, as defined in section 257 of the Banking Act 2009. We believe that there are already appropriate reporting mechanisms in place— Debate interrupted (Programme Order, 30 November 2009). The Deputy Speaker put forthwith the Question already proposed from the Chair (Standing Order No. 83E), That the clause be read a Second time. Question negatived. The Deputy Speaker then put forthwith the Questions necessary for the disposal of the business to be concluded at that time (Standing Order No. 83E).