M
Member
Speaking in the House of Lords on 9 September 2026
Debate
Financial Services and Markets Bill [HL]Contribution
100: Clause 52, page 55, line 31, leave out subsection (1) and insert—
“(1) The following provisions cannot come into force until the requirement set out in section (Use of powers) has been met—(a) section 1;(b) Schedule 1;(c) section 13;(d) Schedule 2;(e) section 14;(f) section 37;(g) section 46.”Member’s explanatory statement
This amendment and others in the name of Baroness Neville-Rolfe would require the Treasury to provide Parliament with information on the intended use of certain significant delegated powers before bringing them into force for the first time, including powers relating to consumer credit, payment systems regulation, anti-money laundering supervision, overseas recognition regimes and cryptoassets.
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