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Financial Services Authority

Volume 488: debated on Tuesday 24 February 2009

To ask the Chancellor of the Exchequer on how many occasions the Chairman of the Financial Services Authority has been consulted about a notice served under section 49 of the Regulation of Investigatory Powers Act 2000 prior to it being served on a regulated financial institution. (252196)

The Regulation of Investigatory Powers Act Code of Practice stipulates that a requirement to disclose a key to protected information from a provider of financial services shall not be imposed upon any company or firm authorised by the Financial Services Authority without prior notification to the Chief Executive of the Authority or a person designated by him for that purpose. I understand that the FSA has not received notification that any such requirement has been issued to a company or firm authorised by them.