Moved by
Lord Eatwell
172: After Clause 116, insert the following new Clause—
“Arrangements for consulting practitioners and consumers
After section 2L of FSMA 2000 (the PRA’s general duty to consult) insert—
“2LA PRA duty to consider representations from the FCA Consumer Panel
(1) The PRA must consider and respond to representations made by the Consumer Panel established by the FCA under section 1Q of the Financial Services Act 2012.
(2) The PRA must from time to time publish in such manner as it thinks fit responses to the representations.””