Will the noble Lord give way? I thank him for his patience because I could see that he was getting quite scratchy as I was speaking, so I am grateful to him for taking pity on me in that way, and for giving way. I think that we may have misunderstood each other. I am perfectly in support of, first, social investment, and secondly, social investment not necessarily being subject to the rigour of FCA supervision, as would be the case for financial investments. My proposition is that trustees, if they make such an investment, should be conscious that they are entering into an investment that is not so regulated. I hope that that closes the distance between us a little.
Charities (Protection and Social Investment) Bill [HL]
Proceeding contribution from
Lord Cromwell
(Crossbench)
in the House of Lords on Wednesday, 1 July 2015.
It occurred during Debate on bills
and
Committee proceeding on Charities (Protection and Social Investment) Bill [HL].
Type
Proceeding contribution
Reference
762 c202GC 
Session
2015-16
Chamber / Committee
House of Lords Grand Committee
Librarians' tools
Timestamp
2021-10-12 15:28:51 +0100
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