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Financial Services: Local Government

Volume 506: debated on Friday 5 March 2010

To ask the Chancellor of the Exchequer if he will request the Financial Services Authority to make a formal response to the Second Report of the Communities and Local Government Committee, on Local Authority Investments: Role of the Financial Services Authority, HC287. (319729)

The Financial Services Authority (FSA) responded to the Communities and Local Government Committee’s first report, explaining that the boundaries of regulation are set by HM Treasury, not the FSA.