Written Question·Treasury·UIN HL1955
Financial Services and Markets Bill (HL)
Tabled: 13 July 2026
Answered: 17 July 2026
Question
To ask His Majesty's Government why the powers which they propose to confer on the Financial Conduct Authority through the insertion of new section 131Z12 to the Financial Services and Markets Act 2000 are not subject to a right to a full merits-based app
Answer
The Financial Services and Markets Bill simplifies how payment systems are regulated by abolishing the Payment Systems Regulator (PSR) and transferring its responsibilities to the Financial Conduct Authority (FCA). In doing so, it gives the FCA objectives...
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