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Housing Market: Regulation

Volume 487: debated on Thursday 12 February 2009

To ask the Chancellor of the Exchequer what the status of the consultation on regulation by the Financial Services Authority of house sale and rent-back schemes is; and when a decision is expected. (256185)

On 6 February 2009, the Government published a consultation document, proposing that companies offering sale and rent-back agreements are brought within the scope of Financial Services Authority (FSA) regulation. The consultation will close on 1 May 2009. It is available at:

http://www.hm-treasury.gov.uk/consult_sale_rent.htm

The FSA has published a separate consultation alongside on the detail of its proposed new regime, available at:

http://www.fsa.gov.uk/pages/Library/Policy/CP/2009/09_06.shtml