Can I just get a clarification on this?
If I understand this, it says, the commissioner, the senior deputy commissioner or a deputy commissioner “must not hold, directly or indirectly, any interest or right in any shares of”—and here are the additional words—“any participating entity, including”.
That would modify “any financial institution”, so could I ask my Conservative colleague to explain what the rationale for this is? It sounds like it would expand the conflict of interest criteria, which may be a good thing.