Second Report - Access to cash in Scotland
Select Committee
Scottish Affairs Committee
HC 80
11 July 2022
Recommendations
2 results
6
Rejected
Para 37
We believe the issue of cash acceptance in a retail setting requires further investigation.
Recommendation
We believe the issue of cash acceptance in a retail setting requires further investigation. We recommend that the UK Government should consider asking the Financial Conduct Authority (FCA) to investigate and monitor cash acceptance levels across the UK. If the …
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Government Response Summary
The government declined to ask the FCA to investigate cash acceptance levels, stating that it should remain the choice of individuals and organizations as to whether to accept cash or card.
Scotland Office
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9
Rejected
Para 59
We recommend that the UK Government should clarify their position on how the Financial Services...
Recommendation
We recommend that the UK Government should clarify their position on how the Financial Services and Markets Bill will interact with pre-existing industry-led solutions such as LINK’s Financial Inclusion Programme. Currently, LINK’s Financial Inclusion Programme is reliant on the voluntary …
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Government Response Summary
The government stated that it's not their intention for the Bill to determine how industry provides access to cash facilities; instead, the Bill provides the FCA with powers to ensure reasonable provision of access to cash withdrawal and deposit facilities.
Scotland Office
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