Member

71: After Clause 22, insert the following new Clause— “Open finance framework(1) The FCA must establish and maintain a framework for open finance. (2) The framework must provide for—(a) secure and standardised data sharing interfaces,(b) rights of customers to direct the sharing of their financial data, and(c) interoperability between different categories of financial services providers, including digital asset providers.(3) The FCA may make rules to give effect to this section.”Member’s explanatory statement This amendment gives the FCA the power to make rules in relation to open finance.