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Housing: Sales

Volume 493: debated on Monday 8 June 2009

To ask the Chancellor of the Exchequer (1) how many responses his Department received to its consultation on regulation of the sale and rent back market; and by what date he expects to determine steps to be taken as a result of that consultation; (277767)

(2) what steps he plans to take to increase the level of consumer protection in the sale and rent back market;

(3) when he expects a new framework for the regulation of the sale and rent back market to be implemented; and if he will make a statement;

(4) if he will extend the remit of the Financial Services Authority to regulate sale and rent back agreements.

On 2 June 2009, the Government laid before Parliament secondary legislation to extend the scope of Financial Services Authority (FSA) regulation to include sale and rent back agreements, and published, ‚ÄúRegulating the sale and rent back market: summary of responses to consultation‚ÄĚ, available at:

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