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Financial Services: Advisory Services

Volume 502: debated on Wednesday 9 December 2009

To ask the Chancellor of the Exchequer what legal advice the Financial Services Authority (a) sought and (b) received on its proposals to require requalification by independent financial advisers; and if he will make a statement. (305117)

As the Financial Services Authority is independent of central Government, I have asked it to respond to the hon. Member directly. I also refer the hon. Member to the answer I gave on 5 November 2009, Official Report, column 1096W.