Alternative Investment Fund Managers Regulations 2013 Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Baroness Hayter of Kentish Town
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Alternative Investment Fund Managers Regulations 2013
Baroness Hayter of Kentish Town Excerpts(6 months ago)
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Baroness Penn (Con)
My Lords, I have not yet seen the details of my noble friend’s Private Member’s Bill, but I will look at it closely. The noble Baroness, Lady Kramer, is right that the noble Baroness, Lady Bowles, has raised this in the past and I thank her for her work in this area, including her detailed suggestions to reform MiFID, which the Government are considering. As I have said, FSMA 2023 gives us the powers to repeal and replace retained EU law in a more agile way. We intend to use those powers to solve the issue before us.
Baroness Hayter of Kentish Town (Lab)
Will the Minister tell us what consultation has taken place with the Financial Services Consumer Panel and other consumer groups on this?
Baroness Penn (Con)
My Lords, the operation of the consumer panel and other panels of the FCA is a matter for the FCA. I am sure that it draws on all its different panels, as appropriate, when taking forward its work programme.