Member

These amendments are all directed at the same underlying concern. Consumers need a system that is fair, timely and capable of delivering redress where it is properly due. Firms need a system that is clear, predictable and not retrospective in effect. The wider market needs confidence that regulatory powers will be exercised within defined and proportionate limits. I hope that the Minister will be able to provide the clarity that we seek. This is very much a Committee-style discussion, and I beg to move.