As the memorandum explains, the bill provides a new framework for financial regulation in the UK to ensure stability and confidence in the financial system.The bill is being used to extend the functions of the CFEB, now known as the Money Advice Service, to ensure that it plays a direct role in providing debt advice; it will seek to give the body a clear role in the provision and co-ordination of debt advice and, in effect, require it to provide such advice.