Financial Services Bill — Report (2nd Day) — 12 Nov 2012 at 16:02
Clause 6 : The new Regulators
Amendment 25A
Moved by Lord Flight
25A: Clause 6, page 20, line 37, at end insert-
"(5A) In discharging its general functions the FCA must have regard to the desirability of not requiring the persons whom it regulates to observe any principles, rules or requirements that extend beyond those directly arising under the requirements of the EU single market legislation and of any other EU obligation (as defined in the European Communities Act 1972) or any directly applicable EU legislation, or of any related technical standards or guidance."
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