Financial Services Authority Training Requirements And Consumer Protection
EDM number 1047 in 2006-07, proposed by John Greenway on 06/03/2007.
That this House welcomes the decision of the Financial Services Authority (FSA) to undertake a thorough review of the current Training and Competence regulations covering those who sell financial services; recalls that one of the statutory principles of the FSA is to secure an appropriate degree of consumer protection and that appropriate examination and training to ensure competent salespeople play a major contribution in promoting that principle; is concerned that any proposal to reduce Training and Competence requirements could lead to a long-term decline in the quality of advice and the appropriateness of products sold; supports a risk-based approach which maintains the need for statutory examination requirements alongside measures to improve the capability of consumers to make informed decisions about suitable products; and urges the Government, the FSA and the financial services industry to maintain and build on current qualification and training requirements.
This motion has been signed by a total of 18 MPs.
MP | Date | Constituency | Party | Type |
---|---|---|---|---|
John Greenway | 06/03/2007 | Ryedale | Conservative | Proposed |
Peter Bottomley | 07/03/2007 | Worthing West | Conservative | Seconded |
Mike Hancock | 07/03/2007 | Portsmouth South | Liberal Democrat | Seconded |
Michael Penning | 07/03/2007 | Hemel Hempstead | Conservative | Seconded |
David Drew | 07/03/2007 | Stroud | Labour | Seconded |
Derek Conway | 07/03/2007 | Old Bexley & Sidcup | Conservative | Seconded |
Rudi Vis | 07/03/2007 | Finchley and Golders Green | Labour | Signed |
Rob Marris | 08/03/2007 | Wolverhampton South West | Labour | Signed |
Ann Winterton | 08/03/2007 | Congleton | Conservative | Signed |
Colin Breed | 08/03/2007 | South East Cornwall | Liberal Democrat | Signed |
Lynne Jones | 08/03/2007 | Birmingham, Selly Oak | Labour | Signed |
John Pugh | 08/03/2007 | Southport | Liberal Democrat | Signed |
Ann Cryer | 12/03/2007 | Keighley | Labour | Signed |
Betty Williams | 12/03/2007 | Conwy | Labour | Signed |
Jo Swinson | 19/03/2007 | East Dunbartonshire | Liberal Democrat | Signed |
Doug Naysmith | 20/03/2007 | Bristol North West | Labour | Signed |
Paul Rowen | 18/04/2007 | Rochdale | Liberal Democrat | Signed |
Paul Truswell | 30/04/2007 | Pudsey | Labour | Signed |
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