M

Member

Speaking in the House of Lords on 7 September 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

I am sure that we have all heard complaints that regulations can be slow to change, meaning that it takes longer for consumers and firms to benefit from reforms. I fear that these amendments would slow us down still further. They would also set a precedent to restrict the powers available to the Government in this way and might delay the delivery of important reforms. I note that the Delegated Powers and Regulatory Reform Committee, which did have comments on this Bill, did not raise concerns about any of the delegated powers to which these amendments reply.

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