Leaders of twenty social investing bodies have written to Financial Secretary Mark Hoban MP calling on him to accept amendments to the Financial Services Bill that support social investment.
The amendments would:
- place a general ‘social investment duty’ on the Financial Conduct Authority (FCA) to carry out its work in a way which promotes the development of social finance and social investment; and
- require the FCA to establish a ‘social investment panel’ of persons with knowledge and expertise in social finance and social investment which it would be obliged to consult and have regard to over time in relation to the conduct of its activities
Read the full press release.
Read a copy of the letter sent to Mark Hoban MP.
Read a short briefing note on the amendments.