T

The Parliamentary Secretary, HM Treasury (Lord Pitt-Watson) (Lab)

Speaking in the House of Lords on 15 September 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

My Lords, I begin by making a short statement on the position regarding legislative consent on the Bill. Legislative consent from the Northern Ireland Assembly and the Scottish Parliament is required for Clauses 49 and 51, which concern crypto assets and their seizure and recovery by UK law enforcement. These relate in part to matters that are devolved matters in respect of Scotland and transferred matters in respect of Northern Ireland. The Government have written to the Northern Ireland Executive and the Scottish Government on this matter and my expectation is that these issues will be fully addressed during the Bill’s passage in the other place. We remain committed to sustained engagement with the devolved Governments for the remainder of the Bill’s passage. Clause 16: Requirements to have regard to the regulatory principles Amendment 1

More from The Parliamentary Secretary, HM Treasury (Lord Pitt-Watson) (Lab)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.