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EQUITABLE LIFE

EDM (Early Day Motion) 1053A1: tabled on 26 March 2002

Tabled in the 2001-02 session.

This motion has been signed by 19 Members. It is an amendment to an existing motion.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

This is an amendment to an existing motion

This motion was originally tabled by Mr Christopher Chope on 21 March 2002. This is amendment number 1.

View details of the original motion

Suggested amendment

leave out from 'Life' to end and add 'would be concerned if Lord Penrose was unable to complete his report in 2002; and notes that the Treasury Committee decided in January 2002 to continue its inquiry when Lord Penrose has reported.'.

Original motion text

That this House notes that the Treasury Committee took evidence on 30th October 2001 and 13 November 2001 in relation to the regulation of Equitable Life; is concerned that the Government no longer expects Lord Penrose to report in 2002; regrets that the Treasury Committee has no plans to take further evidence or investigate the conduct of the Treasury as regulator of Equitable Life; calls upon the Committee to resume forthwith its Inquiry and, in particular, to investigate the reasons underlying the length of time needed for the Penrose Inquiry, including delays resulting from the non availability of documents covering the period when the Treasury was the regulator; congratulates the Parliamentary Ombudsman on the progress being made in his investigation of alleged maladministration by the regulator during 1999 and 2000; and calls upon him now to extend his investigation to the period prior to 1999 to ensure speedier justice for Equitable Life policy holders.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this amendment.