B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 2 September 2026

Debate

Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026

Contribution

I have just one question. The Minister gave a very helpful reply. He seems to be saying that the second instrument is essentially carrying things over—that both instruments are carrying over from previous EU law, rushed through after Brexit—and putting them on a permanent basis. My questions were about assessment and the FCA, which he answered well. What happens when we have a new designation? Will there be a process of assessment and an impact assessment for that? I can understand where we are just moving things across, but it would be helpful to know what the Treasury’s plan is.

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