Financial Services Regulatory Reform, led by HM Treasury, addresses modernisation of the UK financial regulatory framework including the Senior Managers & Certification Regime, in-person banking services, and settlement acceleration (T+1). The reform agenda is active and coordinated with international partners through the US-UK Financial Regulatory Working Group and UK-Japan Financial Regulatory Forum.
Order of Consideration Motion 15:57:00 Moved by Lord Pitt-Watson: That the amendments for the Report stage be marshalled and considered in the following order: Clause 1, Schedule 1, Clauses 2 to 13, Schedule 2, Clauses 14 to 31, Schedule 3, …
Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (“the Capital Requirements Regulation”) provides, among other things, for capital requirements relating to market risk. …
Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (“the Capital Requirements Regulation”) provides, among other things, for capital requirements relating to market risk. …
Section 1 of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) revokes Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and …
In response to: Changes to the Risk Transformation Regulations
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Prudential Regulation Authority (PRA) to discuss the PRA’s performance.
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s performance.
In response to: Consultation: Reforming the Senior Managers & Certification Regime
In response to: Consultation: Reforming the Senior Managers & Certification Regime
The government is consulting on reforms to the Senior Managers & Certification Regime, with the aim of streamlining the regime to support growth and competitiveness.
A draft of statutory provisions to amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 and policy note setting out the aims behind these provisions.
U.S. Treasury and HM Treasury Joint Statement on the 12th official meeting of the U.S. – UK Financial Regulatory Working Group.
HM Treasury and Japan Financial Services Agency joint statement on the fourth meeting of the Financial Regulatory Forum.
HM Treasury and European Commission joint statement on the fifth EU-UK Financial Regulatory Forum.
These Regulations are the 13th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”).
These Regulations are the 13th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”).
This Order designates the Money and Mental Health Policy Institute as a designated consumer body under section 234C(2) of the Financial Services and Markets Act 2000 (“FSMA 2000”) and a designated representative body under section 68(2) of the Financial Services …
These Regulations are the 12th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”).
These Regulations are the 12th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”).
Section 1 of the Financial Services and Markets Act 2023 (c. 29) revokes assimilated law referred to in Schedule 1 to that Act.
These Regulations amend the Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) Regulations 2025 (S.I. 2025/873 (C. 38)) (“the Tenth Commencement Regulations”).
Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025 Motions to Approve 15:31:00 Moved by Lord Wilson of Sedgefield: That the draft Regulations and Order laid before the House on 20 and 27 October be approved. Relevant …
Considered in Grand Committee 15:45:00 Moved by Lord Wilson of Sedgefield: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025. Lord in Waiting/Government Whip (Lord Wilson of …
The Accelerated Settlement Taskforce and its Technical Group have developed a plan to move to faster settlement of securities trades on financial markets.
These Regulations implement provisions in the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services done at Berne on 21st December 2023 (“the Agreement”).
These Regulations implement provisions in the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services done at Berne on 21st December 2023 (“the Agreement”).
These Regulations make supplementary provision in relation to the Treasury’s powers under other legislation to designate the law and practice of another country or territory as equivalent to that of the United Kingdom in relation to an area of financial …
Motion to Approve 15:21:00 Moved by Lord Wilson of Sedgefield: That the draft Regulations laid before the House on 21 July be approved. Considered in Grand Committee on 21 October . Motion agreed.
An Action Plan setting out the government's approach to regulation and regulators
An Action Plan setting out the government's approach to regulation and regulators
Considered in Grand Committee 16:55:00 Moved by Lord Wilson of Sedgefield: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025. Lord in Waiting/Government Whip (Lord Wilson of Sedgefield) (Lab): My …
These Regulations are the 11th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
The government is consulting on reforms to the Senior Managers & Certification Regime, with the aim of streamlining the regime to support growth and competitiveness.
HM Treasury and European Commission joint statement on the fourth EU-UK Financial Regulatory Forum.
HM Treasury and Australian Treasury Joint Statement on the Inaugural Dialogue.
These Regulations are made in connection with the revocation by section 1(1) of, and Part 3 of Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing …
These Regulations are made in connection with the revocation by section 1(1) of, and Part 3 of Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing …
Section 1 of the Financial Services and Markets Act 2023 (c. 29) revokes subordinate legislation in Part 2 of Schedule 1 to that Act, including the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (S.I. 2014/894) (“the 2014 Capital …
Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 Motions to Approve 15:23:00 Moved by Lord Wilson of Sedgefield: That the draft Regulations laid before the House on 9 June and 3 July be approved. Considered in Grand Committee on 3 …
A consultation on ensuring the financial services regulatory environment is effective, proportionate, and in line with the government’s ambition on regulation.
Considered in Grand Committee 17:55:00 Moved by Lord Wilson of Sedgefield: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025. Lord in Waiting/Government Whip (Lord Wilson of …
The annual report and accounts for the Financial Services Regulators Complaints Commissioner for the year ended 31 March 2025,and the responses provided by the Financial Conduct Authority and Prudential Regulation Authority.
The annual report and accounts for the Financial Services Regulators Complaints Commissioner for the year ended 31 March 2025,and the responses provided by the Financial Conduct Authority and Prudential Regulation Authority.
This Order provides for certain “buy-now-pay-later” agreements which are currently exempt agreements within article 60F(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) to become regulated credit agreements within
These Regulations amend regulations 27, 28 and 29 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701) (“MIFI Regs”). Regulations 27 and 28 of the MIFI Regs are amended by paragraphs 47 and …
These Regulations amend the Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348) (“the 2014 Order”). They make certain changes to the provisions in the 2014 Order which relate to the requirement for the Bank of England (“the Bank”) …
These Regulations amend the Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348) (“the 2014 Order”). They make certain changes to the provisions in the 2014 Order which relate to the requirement for the Bank of England (“the Bank”) …
These Regulations are the 10th commencement Regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
The government is consulting on reforms to the Senior Managers & Certification Regime, with the aim of streamlining the regime to support growth and competitiveness.
A consultation on ensuring the financial services regulatory environment is effective, proportionate, and in line with the government’s ambition on regulation.
This strategy sets out the government’s approach to digitalising the UK’s wholesale financial markets
HM Treasury and U.S. Treasury joint statement on the 11th official meeting of the UK-U.S. Financial Regulatory Working Group.
These Regulations amend regulation 51 of the Payment Services Regulations 2017 (“PSRs”) to impose new requirements on payment service providers (“PSPs”) in relation to the termination of framework contracts for payment services concluded for an indefinite period and entered into …
These Regulations provide an exemption from all stamp duties on the transfer of a PISCES share in connection with trading activity that takes place on a PISCES under the PISCES sandbox arrangements described in regulation 3(2) of the Financial Services …
These Regulations amend the transitional provision in Article 89(1) of Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“UK EMIR”) which exempt certain pension fund …
Section 1 of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) (“the Act”) revoke the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (S.I. 2014/894) (“the 2014 Regulations”). The revocation of the 2014 Regulations …
These Regulations provide for the testing of the efficiency and effectiveness of a new kind of share-trading system, the Private Intermittent Securities and Capital Exchange System, or PISCES. The PISCES sandbox is a financial markets infrastructure (“FMI”) sandbox provided for …
These Regulations are the ninth commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
HM Treasury and European Commission joint statement on the third EU-UK Financial Regulatory Forum.
HM Treasury and Japan Financial Services Agency joint statement on the third meeting of the Financial Regulatory Forum.
Regulation 3 of these Regulations amends regulation 3(8) (appropriate regulator) of the DSS regulations to make further provision about who the appropriate regulator is in relation to certain ancillary FMI activities (as defined in regulation 3(6) of the DSS Regulations).
These Regulations make provision about the short selling of shares and other financial instruments, and transactions which have a similar effect to a short sale. They replace Regulation (EU)236/2012 of the European Parliament and of the Council of 14 March …
These Regulations make provision about the short selling of shares and other financial instruments, and transactions which have a similar effect to a short sale. They replace Regulation (EU)236/2012 of the European Parliament and of the Council of 14 March …
These Regulations add to the list of “relevant enactments” for the purposes of sections 13 to 17 of the Financial Services and Markets Act 2023 (c.29) (“the Act”). Under section 13 of the Act the Treasury may make regulations (an …
India-UK Financial Markets Dialogue focused on collaboration in capital markets, insurance, fintech and financial data and sustainable finance to boost growth and investment.
Motion to Approve 15:49:00 Moved by Lord Livermore: That the draft Regulations laid before the House on 31 October be approved. Considered in Grand Committee on 2 December . Motion agreed.
These Regulations set out the Treasury’s equivalence determination with respect to Singapore, that is, they provide that its legal and supervisory framework has equivalent effect to the United Kingdom’s. These Regulations replace Commission Implementing Decision (EU) 2019/541 of 1 April …
Considered in Grand Committee 16:33:00 Moved by Lord Livermore: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024. The Financial Secretary to the Treasury (Lord Livermore) (Lab): My Lords, these …
Paragraph 15 of Schedule 17 to the Financial Services and Markets Act 2000 (c. 8) was amended by section 63 (the Ombudsman scheme) of the Financial Services and Markets Act 2023 (c. 29). The amendment allows the Treasury to make …
These Regulations replace references to Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) (“Insurance Distribution Directive”) for or in connection with the purpose of making the law clearer or …
These Regulations make amendments to the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (“CIS EU Exit Regulations”) (S.I. 2019/325), regarding temporary recognition for the purpose of Part 17 of the Financial Services and Markets Act (“FSMA”) 2000 (c. …
These Regulations designate activities in relation to consumer composite investments (“CCIs”) for the purposes of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) (see Part 5A of FSMA 2000), replacing assimilated law revoked by section 1(1) of, …
These Regulations designate activities in relation to consumer composite investments (“CCIs”) for the purposes of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) (see Part 5A of FSMA 2000), replacing assimilated law revoked by section 1(1) of, …
Regulations 2 and 3 make amendments to primary legislation that are consequential on the revocation by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”) of Regulation (EU) No 575/2013 of …
Regulations 2 and 3 make amendments to primary legislation that are consequential on the revocation by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”) of Regulation (EU) No 575/2013 of …
Regulation 12(3) of the Securitisation Regulations 2024 (S.I. 2024/102) (“the Securitisation Regulations”) defines a qualifying EU securitisation which may use the STS (simple, transparent and standardised) designation in the UK. Regulation 12(3)(b) of the Securitisation Regulations requires applica
These Regulations make transitional amendments to assimilated law repealed by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29), subject to commencement, relating to packaged retail and insurance-based investment products. The legislation being …
These Regulations make transitional amendments to assimilated law repealed by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29), subject to commencement, relating to packaged retail and insurance-based investment products. The legislation being …
In response to: Next steps for reforming the UK Markets in Financial Instruments Directive
This consultation invites views on draft secondary legislation to implement near-term reforms to the ring-fencing regime.
Regulations 3 to 7 make consequential amendments in connection with the Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 (S.I. 2024/1071) which brings into force several paragraphs of Schedule 2 to the Financial Services and Markets Act …
These Regulations make a series of technical amendments to secondary legislation relating to the prudential regulation of insurance firms in the United Kingdom to ensure that it continues to function following implementation of the Solvency II reforms made by the …
Part 2 of these Regulations makes provision about the calculation of the risk margin, which is the amount of capital that insurance and reinsurance undertakings are required to hold to ensure that they are able to transfer their liabilities to …
These Regulations are the eighth commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
A written ministerial statement on the Bank of England’s consultation on MREL and its interaction with the Bank Resolution (Recapitalisation) Bill.
Section 84 of the Financial Services Act 2012 (c. 21), required the Financial Conduct Authority (“FCA”) and other financial services regulators to establish a complaints scheme, for the investigation of complaints made in connection with their exercise of, or failure …
A final draft of legislation to slow down payments processing when there are reasonable grounds to suspect fraud or dishonesty.
These Regulations are the seventh commencement Regulations made under the Financial Services and Markets Act 2023, (c.29) (“the Act”).
This consultation sets out proposals to enhance the UK’s resolution regime for banking institutions (banks, building societies, and PRA-designated investment firms).
These Regulations amend the Securitisation Regulations 2024 (S.I. 2024/102) and make amendments of other legislation in connection with those Regulations.
These Regulations amend the Securitisation Regulations 2024 (S.I. 2024/102) and make amendments of other legislation in connection with those Regulations.
HM Treasury and European Commission joint statement on the second EU-UK Financial Regulatory Forum.
These Regulations are the sixth commencement Regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
Regulation 42 of the Solvency 2 Regulations 2015 (S.I. 2015/575) (matching adjustment) and related legislation, including in particular regulation 4B of those Regulations (duty to publish technical information) and Articles 53 (calculation of the matching adjustment) and 54 (calculation of …
These Regulations are the fifth commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
These Regulations are the fifth commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
The Accelerated Settlement Taskforce, chaired by Charlie Geffen, was launched by the Chancellor on 9 December 2022 to explore the potential for faster settlement of financial trades in the UK.
The Accelerated Settlement Taskforce, chaired by Charlie Geffen, was launched by the Chancellor on 9 December 2022 to explore the potential for faster settlement of financial trades in the UK.
This note sets out the next phase of delivering a Smarter Regulatory Framework for the UK by replacing assimilated law on financial services.
A near-final version of legislation to slow down payments processing when there are reasonable grounds to suspect fraud, which is being published for checks.
This consultation sets out proposals to enhance the UK’s resolution regime for banking institutions (banks, building societies, and PRA-designated investment firms).
These Regulations make amendments consequential on provision in the Financial Services Act 2021 (c. 22) for recognition of collective investment schemes authorised in approved countries. The Financial Services Act 2021 inserted a new section 271A into the Financial Services and …
These Regulations restate with modifications the provisions of the Data Reporting Services Regulations 2017 (“the 2017 Regulations”) (S.I. 2017/699), with the broad exception of Part 3 of the 2017 Regulations referred to below. The 2017 Regulations made arrangements for the …
These Regulations restate with modifications the provisions of the Data Reporting Services Regulations 2017 (“the 2017 Regulations”) (S.I. 2017/699), with the broad exception of Part 3 of the 2017 Regulations referred to below. The 2017 Regulations made arrangements for the …
These Regulations specify certain securitisation activities as “designated activities” for the purposes of the Financial Services and Markets Act 2000 (see Part 5A) (c. 8) and confer powers on the Financial Conduct Authority (“FCA”) to make rules and give directions …
These Regulations specify certain securitisation activities as “designated activities” for the purposes of the Financial Services and Markets Act 2000 (see Part 5A) (c. 8) and confer powers on the Financial Conduct Authority (“FCA”) to make rules and give directions …
Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2023 Motions to Approve 15:10:00 Moved by The Earl of Courtown: That the draft Regulations laid before the House on 4 and 11 December 2023 be approved. Considered …
Considered in Grand Committee 15:47:00 Moved by Baroness Vere of Norbiton: That the Grand Committee do consider the Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024. The Parliamentary Secretary, HM …
This consultation sets out proposals to enhance the UK’s resolution regime for banking institutions (banks, building societies, and PRA-designated investment firms).
This Code of Practice sets out the tools and powers available for resolving a CCP, as set out under the Financial Services and Markets Act 2023.
These Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (the “MLRs”) to secure the result referred to in section 77(3) of the Financial Services and Markets Act 2023 (c. …
Regulation 2 of these Regulations amends Article 384 of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, …
Section 1 of the Financial Services and Markets Act 2023 (c. 29) (“the Act”) revokes (or, where appropriate, repeals) retained EU law which is referred to in Schedule 1 to the Act.
These Regulations, which are made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”), provide for the testing of the use of developing technology in the carrying on of financial market infrastructure (“FMI”) activities. These provisions are …
These Regulations are the fourth commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
Considered in Grand Committee 17:25:00 Moved by Baroness Vere of Norbiton: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023. The Parliamentary Secretary, HM Treasury (Baroness Vere of Norbiton) (Con): My Lords, …
Considered in Grand Committee 17:43:00 Moved by Baroness Vere of Norbiton: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023. Relevant document: 3rd Report from the Secondary Legislation Scrutiny …
These Regulations amend Articles 37 (calculation of the risk margin), 39 (cost-of-capital rate) and 312 (deadlines for submitting supervisory reports) of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the …
These Regulations, together with rules to be made by the Prudential Regulation Authority (“PRA”), restate some provisions of Articles 53 and 54 of Commission Delegated Regulation (EU) 2015/35 of 10th October 2014 supplementing Directive 2009/138/EC of the European Parliament and …
The Call for Proposals seeks views on which metrics the FCA and the PRA should publish in relation to the new secondary growth and competitiveness objectives.
These Regulations restrict the making of certain instruments where stabilisation powers are exercised under Schedule 11 (central counterparties) of the Financial Services and Markets Act 2023 (c. 29). Schedule 11 (“the Schedule”) makes provision establishing a special resolution regime for …
These Regulations apply certain provisions of the Companies Act 2006 (c. 46) (“the 2006 Act”) and related legislation with modifications, and make consequential amendments to primary and secondary legislation, in relation to the introduction of a new special resolution regime …
The government is publishing an illustrative draft of a proposed statutory instrument to enable the Financial Ombudsman Service to charge case fees to claims management companies and other relevant professional representatives.
These Regulations permit the FCA, the PRA and the Payment Systems Regulator to remunerate members of certain of their statutory panels and require specified statutory panels of the FCA and the PRA to make annual reports to the Treasury.
Joint statement on the combined UK-Japan Financial Dialogue and Financial Regulatory Forum.
This consultation invites views on draft secondary legislation to implement near-term reforms to the ring-fencing regime.
Considered in Grand Committee 16:55:00 Moved by Baroness Vere of Norbiton: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Resolution of Central Counterparties: Partial Property Transfers and Safeguarding of Protected Arrangements) Regulations 2023. Motion agreed.
These Regulations concern certain instruments (“resolution instruments”) issued by the Bank of England (“the Bank”) when a central counterparty is failing or likely to fail (under the special resolution regime set out in Schedule 11 to the Financial Services and …
These Regulations make provision relating to the use by the Bank of England (“the Bank”) of cash call instruments, as provided for in paragraph 32 of Schedule 11 to the Financial Services and Markets Act 2023 (c. 29) (cash call …
This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
HM Treasury and European Commission joint statement on the first EU-UK Financial Regulatory Forum.
HM Treasury and US Treasury joint statement on the eighth official meeting of the UK-US Financial Regulatory Working Group.
This consultation invites views on draft secondary legislation to implement near-term reforms to the ring-fencing regime.
Consultation seeking views on the design and scope of the ban on cold calling for consumer financial services and products, including a call for evidence on the impacts of the proposed ban.
Consultation seeking views on the design and scope of the ban on cold calling for consumer financial services and products, including a call for evidence on the impacts of the proposed ban.
These Regulations are the third commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”) and amend the Financial Services and Markets Act 2023 (Commencement No. 1) Regulations 2023 (S.I. 2023/779 (C. 40)) (“the First …
These Regulations are the second commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
The Financial Services Act 2021 (c. 22) (“the Act”) amends the Financial Services and Markets Act 2000 (c. 8) to provide for a new Gibraltar authorisation regime enabling Gibraltar-based financial services firms to operate in the UK if certain conditions …
Consultation seeking views on the design and scope of the ban on cold calling for consumer financial services and products, including a call for evidence on the impacts of the proposed ban.
These Regulations are the first commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).
The government is publishing a near-final version of the statutory instrument replacing retained EU law related to Data Reporting Service Providers for checks.
This plan sets out how the government is delivering a Smarter Regulatory Framework for the UK by replacing retained EU law on financial services.
The Call for Proposals seeks views on which metrics the FCA and the PRA should publish in relation to the new secondary growth and competitiveness objectives.
A Bill To make provision about the regulation of financial services and markets; and for connected purposes. Originated in the Commons.
Commons Reason and Amendments 16:04:00 Motion A Moved by Baroness Penn: That this House do not insist on its Amendment 7 and do agree with the Commons in their Amendments 7A, 7B and 7C in lieu. 7A: Page 39, leave …
On 27 June 2023, the UK and EU signed the memorandum of understanding (MoU) on regulatory cooperation in financial services.
Returned from the Commons 20:23:00 The Bill was returned from the Commons with amendments and a reason. House adjourned at 8.23 pm.
Consideration of Lords a mendments. Madam Deputy Speaker (Dame Eleanor Laing): I must draw the House’s attention to the fact that financial privilege is engaged by Lords amendment 35. If Lords amendment 35 is agreed to, I will cause the …
A Bill to set minimum service standards for the provision of banking and postal services in rural areas, including for the provision of services through physical outlets; and for connected purposes.
Third Reading Relevant document: 23rd Report from the Delegated Powers Committee 15:23:00 Motion Moved by Baroness Penn: That the Bill do now pass. The Parliamentary Secretary, HM Treasury (Baroness Penn) (Con): My Lords, this Bill helps to deliver the Government’s …
Report (3rd Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:24:00 Amendment 91 Moved by 91: After Clause 65, insert the following new Clause— “Forest risk commodities (1) FSMA 2000 is amended in accordance with subsection (2).(2) After …
Report (3rd Day) (Continued) 21:46:00 Amendment 108 Moved by 108: After Clause 71, insert the following new Clause— “Designated artificial intelligence officer (1) The Secretary of State must by regulations provide that companies operating in the financial services sector who …
Report (2nd Day) Relevant document: 23rd Report from the Delegated Powers Committee 12:02:00 Amendment 11 Moved by 11: After Clause 24, insert the following new Clause— “Competitiveness and growth objective: reporting requirements (1) Each regulator must make two reports to …
Report (2nd Day) (Continued) 14:58:00 Clause 35: Engagement with statutory panels Amendment 23 Moved by 23: Clause 35, page 49, line 40, at end insert— “(ic) how it has complied with the statement of policy on panel appointments prepared under …
Report (1st Day) Relevant documents: 23rd Report from the Delegated Powers Committee 17:00:00 Clause 1: Revocation of retained EU law relating to financial services and markets Amendment 1 Moved by 1: Clause 1, page 1, line 6, leave out subsection …
Report (1st Day) (Continued) 21:10:00 Clause 24: Competitiveness and growth objective Amendment 8A Moved by 8A: Clause 24, page 38, line 23, leave out “aligning with” and insert “having regard to” Member’s explanatory statement This amendment, and the amendment to …
HM Treasury has introduced two technical amendments to the Financial Services & Markets (FSM) Bill to help facilitate UK firms’ continued use of non-UK Central Counterparties (CCPs) under the run-off regime.
Order of Consideration Motion 15:51:00 Moved by Baroness Penn: That the amendments for the Report stage be marshalled and considered in the following order: Clause 1, Schedule 1, Clause 2, Schedule 2, Clauses 3 to 8, Schedule 3, Clauses 9 …
The Call for Proposals seeks views on which metrics the FCA and the PRA should publish in relation to the new secondary growth and competitiveness objectives.
This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach
India and the UK held the second meeting of the India-UK Financial Markets Dialogue on 19 April 2023, to deepen bilateral ties in the financial sector.
India and the UK held the second meeting of the India-UK Financial Markets Dialogue on 19 April 2023, to deepen bilateral ties in the financial sector.
Committee (10th Day) Relevant document: 23rd Report from the Delegated Powers Committee 13:03:00 The Deputy Chairman of Committees (Baroness Garden of Frognal) (LD): My Lords, if there is a Division in the Chamber while we are sitting, the Committee will …
Committee (9th Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:45:00 Amendment 216 Moved by 216: After Clause 71, insert the following new Clause— “Limitation on the powers of the PRA The PRA may not accept an application …
Committee (8th Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:45:00 The Deputy Chairman of Committees (Baroness Bull) (CB): My Lords, if there is a Division in the Chamber while we are sitting, the Committee will adjourn as …
Committee (7th Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:45:00 Debate on Amendment 168 resumed. Baroness Meacher (CB): I think we had got on to Amendment 199. Is that correct? The Deputy Chairman of Committees (Baroness Fookes) …
Committee (6th Day) Relevant document: 23rd Report from the Delegated Powers Committee 16:15:00 Amendment 160 Moved by 160: After Clause 50, insert the following new Clause— “Office for Financial Regulatory AccountabilityCreation of an Office for Financial Regulatory Accountability (1) The …
Committee (5th Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:45:00 The Deputy Chairman of Committees (Baroness Garden of Frognal) (LD): My Lords, if there is a Division in the Chamber while we are sitting, the Committee will …
Committee (4th Day) 15:45:00 Relevant document: 23rd Report from the Delegated Powers Committee Clause 24: Competitiveness and growth objective Amendment 55 Moved by 55: Clause 24, page 38, line 27, at end insert— “(3A) In section 2B (PRA’s general objective), …
Committee (3rd Day) 16:15:00 Relevant document: 23rd Report from the Delegated Powers Committee Clause 24: Competitiveness and growth objective Amendment 45 Moved by 45: Clause 24, page 38, line 19, at end insert— “(4B) The FCA must monitor and measure …
This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach
Committee (2nd Day) Relevant document: 23rd Report from the Delegated Powers Committee 16:22:00 Amendment 38 Moved by 38: After Clause 23, insert the following new Clause— “FCA powers beyond designated activities (1) This section applies to any person (P) conducting …
Committee (1st Day) Relevant document: 23rd Report from the Delegated Powers Committee 16:15:00 Clause 1: Revocation of retained EU law relating to financial services and markets Amendment 1 Moved by 1: Clause 1, page 1, line 6, leave out subsection …
HM Treasury and U.S. Department of the Treasury joint statement on the seventh meeting of the UK-U.S. Financial Regulatory Working Group.
Second Reading 16:42:00 Moved by Baroness Penn: That the Bill be now read a second time. The Parliamentary Secretary, HM Treasury (Baroness Penn) (Con): My Lords, this Bill is a landmark piece of legislation—the most ambitious reform of our financial …
A Bill To make provision about the regulation of financial services and markets; and for connected purposes. Originated in the Commons.
This statement sets out the government’s approach to repealing and replacing retained EU law on financial services to deliver a comprehensive FSMA model of regulation tailored to the UK.
The government sets out its response to the recommendations of the Independent Panel on Ring-fencing and Proprietary Trading.
First Reading 12:06:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
Consideration of Bill, as amended in the Public Bill Committee New Clause 17 Reporting requirements ‘(1) FSMA 2000 is amended as follows. (2) After paragraph 11 of Schedule 1ZA insert— “Other reports 11A (1) The Treasury may (subject to this …
A Bill To make provision about the regulation of financial services and markets; and for connected purposes.
A Bill To make provision about the regulation of financial services and markets; and for connected purposes.
This Order amends the Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013 (”QUPO”). The Financial Services Act 2021 (c. 22) inserted regulator rule-making powers into Regulation (EU) No 1286/2014 of the European Parliament and of the Council of …
A Bill To make provision about the regulation of financial services and markets; and for connected purposes.
[Relevant documents: The First Report of the Treasury Committee, Future of financial services regulation, HC 141, and the responses, HC 690; Written evidence to the Treasury Committee, on Future of financial services, reported to the House on 6 September 2022, …
Motion made, and Question put forthwith (Standing Order No. 83A(7)), That the following provisions shall apply to the Financial Services and Markets Bill: Committal (1) The Bill shall be committed to a Public Bill Committee. Proceedings in Public Bill Committee …
Motion made, and Question put forthwith (Standing Order No. 52(1)(a)), That, for the purposes of any Act resulting from the Financial Services and Markets Bill, it is expedient to authorise the payment out of money provided by Parliament of: (a) …
Motion made, and Question put forthwith (Standing Order No. 52(1)(a)), That, for the purposes of any Act resulting from the Financial Services and Markets Bill, it is expedient to authorise: (a) the charging of fees, (b) payments into the National …
A Bill To make provision about the regulation of financial services and markets; and for connected purposes.
HM Treasury and U.S. Department of the Treasury joint statement on the sixth meeting of the UK-U.S. Financial Regulatory Working Group.
This instrument is made under section 141A(2) of the Financial Services and Markets Act 2000 (c. 8) and section 45(1) and (3) of the Financial Services Act 2021 (c. 22).
A consultation setting out the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it remains fit for the future, and to reflect our new position outside the EU.
A Bill To make provision about the regulation of financial services and markets; and for connected purposes.
The primary purpose of this instrument is to make amendments to legislation that are consequential on changes made by sections 1 to 5 of, and Schedules 1 to 4 to, the Financial Services Act 2021 (c. 22). These provisions relate …
Motion to Approve 18:01:00 Moved by Baroness Penn: That the draft Regulations laid before the House on 13 June be approved. Baroness Penn (Con): My Lords, these regulations tidy up certain aspects of the statute book following the implementation of …
The government is publishing two post-implementation reviews and a forward-looking review of the UK’s anti-money laundering and countering the financing of terrorism regime.
At the inaugural UK-Japan Financial Regulatory Forum, the UK and Japan signed an Exchange of Letters operationalising key financial services provisions under the UK-Japan Comprehensive Economic Partnership Agreement.
The government is consulting on proposals to ensure that the Financial Services Compensation Scheme operates effectively if a regulated pre-paid funeral plan provider fails.
Seeking views on the UK’s approach to the implementation of the Investment Firms Prudential Regime and the remaining Basel 3 standards.
The Government is carrying out a review of the UK’s prospectus regime, following Lord Hill’s recommendations in the UK Listings Review. A Summary of Responses has been published.
The government is consulting on proposals to bring the issuance of non-transferable debt securities (‘mini-bonds’) within the scope of financial services regulation.
The Government is carrying out a review of the UK’s regime for wholesale capital markets. This consultation will run from 9am on 2 July to 11:45pm on 24 September.
Regulation 2 of these Regulations brings into force on 23rd February 2022 section 24 of, and Schedule 9 to, and sections 25 and 26 of the Financial Services Act 2021 (c. 22) (“the Act”), dealing with access to financial services …
A consultation setting out the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it remains fit for the future, and to reflect our new position outside the EU.
HM Treasury and U.S. Department of the Treasury joint statement on the fifth meeting of the UK-U.S. Financial Regulatory Working Group.
HM Treasury and U.S. Department of the Treasury joint statement on the fifth meeting of the UK-U.S. Financial Regulatory Working Group.
A post-legislative scrutiny memorandum covering the Financial Services Act 2012, the Financial Services (Banking Reform) Act 2013, and the Bank of England and Financial Services Act 2016.
This instrument is made under section 141A(2) of the Financial Services and Markets Act 2000 (c. 8). This instrument makes amendments to update references in legislation to rules made by the Prudential Regulation Authority (“PRA”) and the Financial Conduct Authority …
The primary purpose of this instrument is to make amendments to legislation that are consequential on changes made by sections 1 to 5 of, and Schedules 1 to 4 to, the Financial Services Act 2021 (c. 22) (the “Act”).
Motion to Approve 15:38:00 Moved by The Earl of Courtown: That the draft Regulations laid before the House on 28 October be approved. Considered in Grand Committee on 30 November . The Earl of Courtown (Con): My Lords, on behalf …
The third annual Financial Inclusion Report has been published.
The third annual Financial Inclusion Report has been published.
Considered in Grand Committee 15:46:00 Moved by Lord Agnew of Oulton: That the Grand Committee do consider the Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021. The Minister of …
The Financial Conduct Authority's review of data on mortgage prisoners.
The Financial Conduct Authority's review of data on mortgage prisoners.
A consultation setting out the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it remains fit for the future, and to reflect our new position outside the EU.
Regulation 2 of these Regulations commences a provision of the Financial Services Act 2021 (c. 22) dealing with maximum sentences for insider dealing and financial services offences (section 31). An impact assessment has not been published for these Regulations as …
These Regulations amend the Financial Services Act 2021 (Commencement No. 1) Regulations 2021 (C. 27).
These Regulations amend Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) (PRIIPs Regulation). They extend an existing exemption for management …
Brazil and the UK held the inaugural meeting of the Brazil-UK Financial Markets Dialogue on 5 October 2021, to deepen bilateral ties in the financial sector.
Brazil and the UK held the inaugural meeting of the Brazil-UK Financial Markets Dialogue on 5 October 2021, to deepen bilateral ties in the financial sector.
The Government is carrying out a review of the UK’s prospectus regime, following Lord Hill’s recommendations in the UK Listings Review. A Summary of Responses has been published.
The Government is carrying out a review of the UK’s regime for wholesale capital markets. This consultation will run from 9am on 2 July to 11:45pm on 24 September.
These Regulations revoke provisions of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms, as it forms part of domestic law (the “CRR”). The …
The government is consulting on proposals to ensure that the Financial Services Compensation Scheme operates effectively if a regulated pre-paid funeral plan provider fails.
The government is consulting on proposals to bring the issuance of non-transferable debt securities (‘mini-bonds’) within the scope of financial services regulation.
On 8 July 2021, senior officials from HM Treasury and the Indian Ministry of Finance held the 1st UK-India Financial Markets Dialogue.
On 8 July 2021, senior officials from HM Treasury and the Indian Ministry of Finance held the 1st UK-India Financial Markets Dialogue.
The government is consulting on proposals to ensure that the Financial Services Compensation Scheme operates effectively if a regulated pre-paid funeral plan provider fails.
Published alongside the Chancellor’s Mansion House speech, this document sets out the government’s vision for the future of the financial services sector.
The Government is carrying out a review of the UK’s regime for wholesale capital markets. This consultation will run from 9am on 2 July to 11:45pm on 24 September.
The Government is carrying out a review of the UK’s prospectus regime, following Lord Hill’s recommendations in the UK Listings Review. A Summary of Responses has been published.
Financial Services Compensation Scheme's annual report and accounts 2020 to 2021.
Financial Services Compensation Scheme's annual report and accounts 2020 to 2021.
HM Treasury and U.S. Department of the Treasury joint statement on the fourth meeting of the UK-U.S. Financial Regulatory Working Group.
HM Treasury and U.S. Department of the Treasury joint statement on the fourth meeting of the UK-U.S. Financial Regulatory Working Group.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes. Originated in the Commons.
Commons Reason and Amendment 16:59:00 Motion A Moved by Earl Howe: That this House do not insist on its Amendment 1 and do agree with the Commons in their Amendment 1A in lieu. 1A : Page 36, line 13, at …
Returned from the Commons The B ill was returned from the Commons on Monday 26 April with a reason and an amendment. The Commons reason and amendment were ordered to be printed.
Consideration of Lords amendments Before Clause 1 Duty of care for financial service providers 19:13:00 The Economic Secretary to the Treasury (John Glen): I beg to move, That this House disagrees with Lords amendment 1. Mr Deputy Speaker (Mr Nigel …
The UK Listings Review, chaired by Lord Hill, was launched by the Chancellor on 19 November 2020 as part of a plan to strengthen the UK’s position as a leading global financial centre.
Report (3rd Day) (and remaining stages) 14:48:00 Amendment 28 Moved by 28: After Clause 40, insert the following new Clause— “Digital identification in the UK financial system (1) The Treasury may by regulations establish a scheme for the use of …
The government is consulting on proposals to bring the issuance of non-transferable debt securities (‘mini-bonds’) within the scope of financial services regulation.
Report (2nd Day) 14:35:00 The Deputy Speaker (Baroness Garden of Frognal) (LD): My Lords, I will call Members to speak in the order listed. Short questions of elucidation after the Minister’s response are discouraged, but any Member wishing to ask …
Seeking views on the UK’s approach to the implementation of the Investment Firms Prudential Regime and the remaining Basel 3 standards.
Report (1st Day) 14:34:00 The Deputy Speaker (Baroness McIntosh of Hudnall) (Lab): My Lords, I shall call Members to speak in the order listed. Short questions for elucidation after the Minister’s response are discouraged. Any Member wishing to ask such …
Committee (6th Day) 14:31:00 The Deputy Chairman of Committees (Lord McNicol of West Kilbride) (Lab): My Lords, the hybrid Grand Committee will now begin. Some Members are here in person, respecting social distancing, others are participating remotely, but all Members …
Committee (5th Day) 14:30:00 The Deputy Chairman of Committees (Baroness Healy of Primrose Hill) (Lab): My Lords, the hybrid Grand Committee will now begin. Some Members are here in person, respecting social distancing, others are participating remotely, but all Members …
Committee (4th Day) 14:32:00 Amendment 49 Moved by 49: After Clause 30, insert the following new Clause— “Review of penalties for insider dealing and financial services offences (1) Within six months of the day on which this Act is passed, …
Committee (3rd Day) 14:32:00 Amendment 28 Moved by 28: After Clause 5, insert the following new Clause— “Considerations in setting capital adequacy requirements In setting the capital adequacy requirements of a credit institution, the Prudential Regulation Authority shall have regard …
Committee (2nd Day) 14:30:00 The Deputy Chairman of Committees (Baroness Healy of Primrose Hill) (Lab): My Lords, the hybrid Grand Committee will now begin. Some Members are here in person, respecting social distancing, while others are participating remotely, but all …
Committee (1st Day) 14:31:00 The Deputy Chairman of Committees (Baroness Healy of Primrose Hill) (Lab): My Lords, the hybrid Grand Committee will now begin. Some Members are here in person, respecting social distancing, and others are participating remotely, but all …
A consultation to explore how the UK regulatory framework for financial services needs to adapt to our new position outside the EU.
Order of Consideration Motion 13:22:00 Moved by The Earl of Courtown: That it be an instruction to the Grand Committee to which the Financial Services Bill has been committed that they consider the bill in the following order: Clause 1, …
Second Reading 16:09:00 Moved by Lord Agnew of Oulton: That the Bill be read a second time. The Minister of State, Cabinet Office and the Treasury (Lord Agnew of Oulton) (Con): My Lords, as set out in the register of …
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes. Originated in the Commons.
First Reading The Bill was brought from the Commons, read a first time and ordered to be printed. House adjourned at 6.28 pm.
Consideration of Bill, as amended in the Public Bill Committee New Clause 27 Money laundering offences: electronic money institutions, payment institutions and deposit-taking bodies ‘(1) Part 7 of the Proceeds of Crime Act 2002 (money laundering) is amended in accordance …
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.
Benchmarks Regulation and amendments under the Financial Services Act 2021.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.
Second Reading 18:26:00 The Economic Secretary to the Treasury (John Glen): Earlier today, we heard the Chancellor describe the UK’s financial services industry as fundamental to our economic strength. I wholeheartedly agree with that statement. This is an extraordinary industry: …
The Government is consulting on proposals to introduce new market access arrangements for financial services between the UK and Gibraltar. This consultation closes on 11 May 2020.
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.
HM Treasury and U.S. Department of the Treasury joint statement on the third meeting of the UK – U.S. Financial Regulatory Working Group
HM Treasury and U.S. Department of the Treasury joint statement on the third meeting of the UK – U.S. Financial Regulatory Working Group
A Bill to make provision about financial services and markets; to make provision about debt respite schemes; to make provision about Help-to-Save accounts; and for connected purposes.
A consultation to explore how the UK regulatory framework for financial services needs to adapt to our new position outside the EU.
This report summarises the PSR’s activities over the year 2019 to 2020. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
This report summarises the PSR’s activities over the year 2019 to 2020. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
This consultation explores whether changes to the tax treatment of companies used by funds to hold assets could make the UK a more attractive location for these companies.
A statement on the government’s intention to streamline the FCA’s process for cancelling the authorisation of firms no longer carrying out FCA-regulated activities.
A list of the Financial Services Compensation Scheme annual report and accounts.
A list of the Financial Services Compensation Scheme annual report and accounts.
This policy statement provides detail on HM Treasury’s legislative approach for prudential standards in the Financial Services Bill. The statement also provides detail on how the government will tailor these prudential regimes to the specifics of the UK market.
This is a summary of the fifth meeting of the Financial Inclusion Policy Forum, held via video conference on 27 April 2020.
The Government is consulting on proposals to introduce new market access arrangements for financial services between the UK and Gibraltar. This consultation closes on 11 May 2020.
The Government is consulting on proposals to introduce new market access arrangements for financial services between the UK and Gibraltar. This consultation closes on 11 May 2020.
This consultation explores whether changes to the tax treatment of companies used by funds to hold assets could make the UK a more attractive location for these companies.
The policy statement confirms the Government’s intention to implement the internationally agreed Basel III banking standards in the UK. The statement also announces the Government will take powers to enable the implementation of updated prudential rules for UK banks and …
A Call for Evidence seeking views on regulatory coordination in the financial services sector.
Seeking views on the UK’s approach to the implementation of the Investment Firms Prudential Regime and the remaining Basel 3 standards.
This thematic review is an early post implementation review focusing on the way IFRS 9 and IFRS 15 were implemented in central government.
A record of the meeting between the Chancellor of the Exchequer and Governor of the Bank of England on the bank's Financial Stability Report.
Seeking views on the transposition of the Fifth Money Laundering Directive.
First Reading 11:38:00 A Bill to require the Financial Conduct Authority to make rules for authorised persons to owe a duty of care to consumers in their regulated activities. The Bill was introduced by Lord Sharkey, read a first time …
15:21:00 A Bill to require the Financial Conduct Authority to make rules for authorised persons to owe a duty of care to consumers in their regulated activities. The Bill was introduced by Lord Sharkey, read a first time and ordered …
This publication sets out HM Treasury’s approach to laying financial services statutory instruments under the EU (Withdrawal) Act 2018.
A Call for Evidence seeking views on regulatory coordination in the financial services sector.
A Call for Evidence seeking views on regulatory coordination in the financial services sector.
A list of the Financial Services Compensation Scheme annual report and accounts.
A list of the Financial Services Compensation Scheme annual report and accounts.
Seeking views on the transposition of the Fifth Money Laundering Directive.
Seeking views on the transposition of the Fifth Money Laundering Directive.
This policy note outlines the bill’s purpose, and provides detail on the EU legislative proposals to which it would apply.
Third Reading 15:47:00 A privilege amendment was made. Motion Moved by Lord Bates: That the Bill do now pass. Lord Sharkey (LD): My Lords, very briefly, I should like to ask the Minister a question to do with the in-flight …
Report 15:41:00 Clause 1: Power in respect of EU financial services legislation with pre-exit origins Amendment 1 Moved by 1: Clause 1, page 1, line 9, leave out from “appropriate” to end of line 11 and insert— “(1A) In subsection …
Committee (1st Day) 15:34:00 Motion Moved by Lord Taylor of Holbeach: That the House do now resolve itself into a committee on the bill. Lord Taylor of Holbeach (Con): My Lords, I beg to move. Amendment to the Motion Tabled …
Second Reading 15:15:00 Moved by Lord Bates: That the Bill be now read a second time. The Minister of State, Department for International Development (Lord Bates) (Con): My Lords, I begin with some context to explain why the Government have …
First Reading 11:48:00 A Bill was introduced to authorise the making of provision by reference to certain EU financial services legislation adopted on or before, or no later than two years after, the United Kingdom's withdrawal from the EU. The …
A Treasury Department of the United States and HM Treasury joint statement on the formation of a Financial Regulatory Working Group.
A Treasury Department of the United States and HM Treasury joint statement on the formation of a Financial Regulatory Working Group.
The Fintech Sector Strategy sets out action the government has taken to make the UK the best place for Fintech business, and what it plans to do to maintain this position
This plan shows how financial services regulators are ensuring their approach to regulation supports innovation.
This consultations seeks views from the public on amending the UK definition of financial advice.
Seeking views on a new regulatory framework for Insurance Linked Securities.
A Bill to require pre-paid funeral plan contracts to be regulated by the Financial Conduct Authority; to amend the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 accordingly
This consultations seeks views from the public on amending the UK definition of financial advice.
This consultations seeks views from the public on amending the UK definition of financial advice.
Seeking views on how financial services regulators support innovative technology and new business models.
Seeking views on a new regulatory framework for Insurance Linked Securities.
In response to: Consultation on draft innovation plan for financial services
Seeking views on how financial services regulators support innovative technology and new business models.
Seeking views on how financial services regulators support innovative technology and new business models.
Seeking views on a new regulatory framework for Insurance Linked Securities.
HMT cover note and technical response to the EU Commission’s call for evidence on the EU regulatory framework for financial services.
The government has published a policy paper detailing the measures in the Bank of England and Financial Services Bill to extend and reform the Senior Managers and Certification Regime.
Seeking views on the options available and the scope of the regulation.
Proposed amendments to the Regulatory Capital Securities Regulations 2013 to include Solvency II compliant instruments and updates to Part 5 CTA 09.
Seeking views on the options available and the scope of the regulation.
Seeking views on the options available and the scope of the regulation.
Proposed amendments to the Regulatory Capital Securities Regulations 2013 to include Solvency II compliant instruments and updates to Part 5 CTA 09.
Proposed amendments to the Regulatory Capital Securities Regulations 2013 to include Solvency II compliant instruments and updates to Part 5 CTA 09.
In response to: 2010 to 2015 government policy: financial services regulation
How we are creating a competitive market that will help people take responsibility for their finances.
How the government is reforming the way financial services firms are regulated, to give regulators greater powers and make sure customers are treated fairly.
This consultation seeks views on the transposition of the Bank Recovery and Resolution Directive.
Setting out which legislation HM Treasury has committed to review and when these reviews will take place.
This consultation seeks to gather the opinions concerning the housing market tools that the Financial Policy Committee has recommended it be granted powers of direction over.
This consultation seeks to gather the opinions of stakeholders and other interested parties concerning the leverage ratio framework that the Financial Policy Committee (FPC) has recommended it be granted new powers of direction over.
This consultation seeks to gather the opinions concerning the housing market tools that the Financial Policy Committee has recommended it be granted powers of direction over.
This consultation seeks to gather the opinions of stakeholders and other interested parties concerning the leverage ratio framework that the Financial Policy Committee (FPC) has recommended it be granted new powers of direction over.
This consultation seeks to gather the opinions of stakeholders and other interested parties concerning the leverage ratio framework that the Financial Policy Committee (FPC) has recommended it be granted new powers of direction over.
This consultation seeks to gather the opinions concerning the housing market tools that the Financial Policy Committee has recommended it be granted powers of direction over.
This consultation seeks views on the transposition of the Bank Recovery and Resolution Directive.
This consultation seeks views on the transposition of the Bank Recovery and Resolution Directive.
A Bill to require the Secretary of State to create a new planning use class for retail premises used to provide high cost credit services, which would require the granting of planning permission; to p
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa Originated in the Commons.
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa Originated in the Commons.
Considered in Grand Committee 17:16:00 Moved by Lord Newby: That the Grand Committee do report to the House that it has considered the Financial Services Act 2012 (Consumer Credit) Order 2013. Relevant document: 6th Report from the Joint Committee on …
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa
Considered in Grand Committee Moved by Lord Newby: That the Grand Committee do report to the House that it has considered the Financial Services Act 2012 (Misleading Statements and Impressions) Order 2013 Relevant documents: 18th Report from the Joint Committee …
Considered in Grand Committee Moved by Lord Newby: That the Grand Committee do report to the House that it has considered the Financial Services Act 2012 (Consequential Amendments) Order 2013 Relevant document: 18th Report from the Joint Committee on Statutory …
Considered in Grand Committee 18:13:00 Moved By Lord Newby: That the Grand Committee do report to the House that it has considered the Financial Services Act 2012 (Mutual Societies) Order 2013. Relevant do cuments: 19 th Report from the Joint …
To make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certa
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou Originated in the Commons.
Returned from the Commons The Bill was returned from the Commons with the Lords amendments agreed to. House adjourned at 7.43 pm.
Motion made, and Question proposed, That, for the purposes of any Act resulting from the Financial Services Bill, it is expedient to authorise the payment into the Consolidated Fund of sums in respect of penalties imposed under the Financial Services …
Consideration of Lords amendments Mr Deputy Speaker (Mr Nigel Evans): I must draw the House’s attention to the fact that financial privilege is involved in Lords amendments 122, 125 to 128, 138 to 140, 146, 182 and 203. If the …
Third Reading 15:38:00 Clause 3 : Oversight Committee Amendment 1 Moved by 1: Clause 3, page 2, line 40, after first “The” insert “court of directors of the” The Commercial Secretary to the Treasury (Lord Sassoon): My Lords, in most …
Report (5th Day) 15:41:00 Amendment 107AA Moved by 107AA: Clause 57, page 141, line 8, at end insert— “( ) The first case requires the Bank of England, FPC, FCA or PRA to provide the Treasury or the Secretary of …
Report (4th Day) 15:09:00 Clause 23: Rules and guidance Amendment 79B not moved. Amendment 80 Moved by 80: Clause 23, page 87, line 28, at end insert— “137DA Rules requiring participation in benchmark (1) The power of the FCA to …
Report (4th Day) (Continued) 16:38:00 Clause 24 : Short selling rules Amendments 87 and 88 Moved by 87: Clause 24, page 110, line 2, leave out from “Authority”” to end of line 3 and insert “or “Authority’s” in each place …
Report (4th Day) (Continued) 17:28:00 Clause 26 : Powers of regulators in relation to parent undertakings Amendment 90 Moved by 90: Clause 26, page 114, leave out lines 30 and 31 Lord Whitty: My Lords, here we return to an …
Report (3rd Day) 16:00:00 The Deputy Speaker (Lord Skelmersdale): My Lords, before calling the first amendment, I must remind noble Lords that the House has agreed to treat amendments in the first group as if it were in Committee. This …
Report (2nd Day) 15:08:00 Clause 6 : The new Regulators Amendment 25A Moved by 25A: Clause 6, page 20, line 37, at end insert— “(5A) In discharging its general functions the FCA must have regard to the desirability of not …
Report (2nd Day) (Continued) 17:17:00 Clause 6 : The new Regulators Amendment 25D Moved by 25D: Clause 6, page 21, line 13, at end insert— “( ) the general principle that, where consumers properly repose trust in a firm’s discretion …
Report (2nd Day) (Continued) 20:35:00 Amendment 28A Moved by 28A: Clause 6, page 22, line 13, at end insert— “(3) In order to facilitate the objective set out in subsection (1), the FCA must require each holder of a banking …
Report (1st Day) 15:47:00 Clause 1 : Deputy Governors Amendment 1 Moved by 1: Clause 1, page 1, line 6, leave out “members” and insert “directors” The Commercial Secretary to the Treasury (Lord Sassoon): My Lords, this group of government …
Report (1st Day) (Continued) 20:40:00 Clause 4 : Financial stability strategy and Financial Policy Committee Amendment 7A Moved by 7A: Clause 4, page 12, line 33, after “Committee” insert “after consultation with the Treasury” Lord Eatwell: My Lords, noble Lords …
Order of Consideration Motion 16:10:00 Moved By Lord Sassoon: That the amendments for the Report stage be marshalled and considered in the following order: Clauses 1 to 4, Schedule 1, Clause 5, Schedule 2, Clause 6, Schedule 3, Clauses 7 …
Committee (9th Day) 15:38:00 Relevant documents: 4th and 8th Report s from the Delegated Powers Committee . Clause 63 agreed. Clause 64: Cases in which Treasury may arrange independent inquiries Amendment 190AA Moved by 190AA: Clause 64, page 140, line …
Committee (8th Day) 15:38:00 Relevant document: 4th Report from the Delegated Powers Committee . Clause 57 : Treasury power of direction Amendment 190ZE Moved by 190ZE: Clause 57, page 136, line 4, leave out from “to” to “the” in line …
Committee (7th Day) 15:07:00 Relevant document: 4th Report from the Delegated Powers Committee . Clause 26 agreed. Clause 27 : Powers in relation to recognised investment exchanges and clearing houses Amendment 176A Moved by 176A: Clause 27, page 115, line …
Committee (7th Day) (Continued) 19:04:00 Schedule 11 : The financial ombudsman service Amendment 187E Moved by 187E: Schedule 11, page 242, line 16, at end insert— “After section 225 insert— “225A General obligations (1) In discharging its functions, the scheme …
Committee (6th Day) 15:20:00 Relevant document: 4th Report from the Delegated Powers Committee . Moved by Lord Sassoon: That the House do now resolve itself into Committee. Lord Eatwell: My Lords, I rise to raise an important issue concerning the …
Committee (5th Day) 11:45:00 Relevant document: 4th Report from the Delegated Powers Committee . Clause 5 : The new Regulators Amendment 117 Moved by 117: Clause 5, page 17, line 35, at end insert “, and (e) the ease with …
Committee (5th Day)(Continued) 14:48:00 Amendment 122 Moved by 122: Clause 5, page 21, line 16, leave out “and” Lord McFall of Alcluith: My Lords, I can assure the Minister that this amendment will not increase his blood pressure. We have …
Committee (4th Day) (Continued) 15:41:00 Clause 5 : The new Regulators Amendment 104ZB Moved by 104ZB: Clause 5, page 16, line 7, at end insert— “( ) As part of the FCA’s consumer protection and integrity objectives, the FCA will …
Committee (4th Day) (Continued) 20:30:00 Amendment 107 not moved. Amendment 107A Moved by 107A: Clause 5, page 17, line 5, at end insert— “( ) the way in which a financial product or opportunity is drawn to the attention of …
Committee (3rd Day) 15:08:00 Relevant document: 4th Report from the Delegated Powers Committee . Clause 3 : Financial Stability Strategy and Financial Policy Committee Amendment 46 Moved by 46: Clause 3, page 6, line 7, at end insert “provided that …
Committee (3rd Day) (Continued) 16:07:00 Amendment 54 Moved by 54: Clause 3, page 7, line 40, after “Committee” insert “and the public” Lord Eatwell: My Lords, I shall address Amendment 54, in my name and that of my noble friend …
Committee (3rd Day) (Continued) 20:30:00 Amendment 101A Moved by 101A: Clause 5, page 15, line 32, at end insert— “(c) does not harm the competitive position of the United Kingdom in the markets for the provision of domestic and international …
Committee (2nd Day) 15:10:00 Relevant document: 4th Report from the Delegated Powers Committee Clause 3 : Financial stability strategy and Financial Policy Committee Amendment 32 not moved. Amendment 33 Moved by 33: Clause 3, page 3, line 32, after “the” …
Committee (2nd Day) (Continued) 20:42:00 Amendment 42 Moved by 42: Clause 3, page 5, line 16, after first “of” insert “its strategic objective and” Lord Eatwell: My Lords, this is another of those bran-tubs full of amendments, to jump us …
Committee (1st Day) 15:15:00 Relevant document: 4th Report from the Delegated Powers Committee . Moved by Lord Sassoon: That the House do now resolve itself into Committee. Lord Peston: My Lords, I notice that the Chief Whip is in her …
A Bill to make provision for the inclusion of financial literacy in the national curriculum; and for connected purposes
Order of Consideration Motion 15:40:00 Moved By Lord Sassoon: That it be an instruction to the Committee of the Whole House to which the Financial Services Bill has been committed that they consider the Bill in the following order: Clauses …
Committed to Committee 15:08:00 Tabled By Lord Sassoon: That (a) the following provisions of the Financial Services Bill be committed to a Committee of the Whole House— (i) Clauses 1 to 4 (the Bank of England); (ii) Clause 5 (the …
Second Reading 15:11:00 Moved by Lord Sassoon: That the Bill be read a second time. The Commercial Secretary to the Treasury (Lord Sassoon): My Lords, I am pleased to have the opportunity to debate the Government’s proposals for financial services …
Second Reading (Continued) 18:24:00 Lord Whitty: My Lords, I want to approach this Bill in a slightly different way. Although I no longer have any formal role in the consumer world, I want to look at the Bill from the …
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou Originated in the Commons.
First Reading 15:36:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
[2nd Allocated Day] [Relevant documents: the Twenty-first Report from the Treasury Committee, Session 2010-12, Accountability of the Bank of England, HC 874, and the Government response, contained in A new approach to financial regulation: securing stability, protecting consumers, Cm 8268; …
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou
Motion made, and Question proposed, That the Order of 6 February 2012 (Financial Services Bill (Programme)), as varied by the Order of 21 February 2012 (Financial Services Bill (Programme) (No. 2)) be further varied as follows: 1. Paragraphs 4 and …
[1st Allocated Day] Consideration of Bill, as amended in the Public Bill Committee New Clause 4 Power to make further provision about regulation of consumer credit ‘(1) Subsection (2) applies on or at any time after the making after the …
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou
A Bill to enforce strict liability on directors of financial institutions; to require directors of financial institutions to post personal bonds as additional bank capital; to require personal bonds a
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou
Second Reading 16:40:00 The Chancellor of the Exchequer (Mr George Osborne): I beg to move, That the Bill be now read a Second time. It is a pleasure to move Second Reading of the Bill. It is the product of …
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision abou
A Bill to require certain financial institutions to prepare parallel accounts on the basis of the lower of historic cost and mark to market for their exposure to derivatives; and for connected purpose
A Bill to prohibit banks and building societies lending on the basis of demand deposits without the permission of the account holder; and for connected purposes.
A Bill to ensure that ancillary pricing terms in personal financial services contracts can be assessed for fairness; and for connected purposes.
Report (and Third Reading) 11:36:00 Clause 1 : Council for Financial Stability Amendment 1 Moved by 1: Clause 1, leave out Clause 1 The Financial Services Secretary to the Treasury (Lord Myners): My Lords, I shall speak also to Amendments …
Consideration of Lords amendments 15:28:00 Mr. Deputy Speaker (Sir Michael Lord): Lords amendments to the Financial Services Bill have been received and printed. A grouping is also available. Under the order of the House of yesterday, they may be considered …
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov Originated in the Commons.
Committee (3rd Day) 17:29:00 Clause 5 agreed. Clause 6 : Enhancing public understanding of financial matters etc Amendment 38 Moved by 38: Clause 6, page 4, line 13, leave out “2(2)” and insert “2 (the FSA’s general duties)— (a) in …
Committee (2nd Day) 18:08:00 Clause 2 : Proceedings of the Council Amendment 14 Moved by 14: Clause 2, page 2, line 25, at end insert “within 14 days of the date of the meeting” Baroness Noakes: My Lords, Amendment 14 …
Committee (2nd Day) (Continued) 20:33:00 Amendment 25 Moved by 25: Clause 3, page 3, line 14, at end insert— “( ) Where a matter has been omitted from either the annual report or the minutes published under section 2(4) and …
Committee (1st Day) 15:39:00 Clause 1 : Council for Financial Stability Amendment 1 Moved by 1: Clause 1, page 1, line 12, at end insert “, and ( ) where appropriate, direct the relevant authorities to act in accordance with …
Committee (1st Day) (Continued) 20:48:00 Debate on whether Clause 1 should stand part of the Bill. Baroness Noakes: My Lords, I have given notice that we oppose Clause 1 standing part of the Bill and, for the convenience of the …
Order of Consideration Motion 11:38:00 Moved by Lord Davies of Oldham: That it be an instruction to the Committee of the Whole House to which the Financial Services Bill has been committed that they consider the Bill in the following …
Second Reading 16:14:00 Moved By Lord Myners: That the Bill be read a second time. The Financial Services Secretary to the Treasury (Lord Myners): My Lords, we have just started to emerge from a financial crisis that has affected businesses …
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov Originated in the Commons.
First Reading 19:53:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
Consideration of Bill, as amended in Public Bill Committee [Relevant documents: T hird Report from the Joint Committee on Human Rights, on Legislative Scrutiny: Financial Services Bill and the Pre-Budget Report, HC 184. ] New Clause 1 No credit agreement …
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov
[Relevant Documents: The Fourteenth Report from the Treasury Committee, Session 2008-09, Banking Crisis: regulation and supervision, HC 767, and the Government and Financial Services Authority responses, HC 47, Session 2009-10.] Second Reading 17:49:00 The Chancellor of the Exchequer (Mr. Alistair …
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov
A Bill to make provision amending the Financial Services and Markets Act 2000, including provision about financial education, and other provision about financial services and markets; and to make prov