M

Member

Speaking in the House of Lords on 24 June 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

I have spoken at length because the Government need to show that this reform will be proportionate, sector sensitive and practical. Clause 14 is too vague. Too much is being left to later regulation. The sector is being asked to prepare for a regime whose shape remains unclear in an industry that is rapidly changing, as we heard from my noble friend Lord Holmes. We will need to return to this area on Report, but some helpful answers would make that process easier.

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