M

Member

Speaking in the House of Lords on 9 September 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

My Amendment 97A was submitted to come after Clause 22 and was in fact accepted by the Public Bill Office. It was only very late in the day yesterday that I learned that it had been moved to after Clause 47, so my attempt to move it to a possible vote earlier in the day was scuppered, which I admit leaves me a little disappointed. Amendment 97A is exactly the same as Amendment 90, with the small addition of specifying the FCA as the verification and enforcement agency. In his response to this amendment, if the Minister feels that the FCA is not the right regulator, where does he think that responsibility lies? That is a question to which I would welcome an answer.

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