To Ensure Statutory Debt Repayment Plan (SDRP) Arrangements are Timely and Well Funded. A further two amendments that I put forward today (3 March 2021) during committee stage of the Financial Services Bill deal with both the timetable and funding of Statutory Debt Repayment Plan (SDRP) arrangements. The Financial Guidance and Claims Act 2018 created […]
Category archives: The House of Lords
Financial Services Bill Amendments:
Provision of Debt Advice Today (3 March 2021) I am putting forward an amendment to the Financial Services Bill that aims to support financial education by formalising the provision of debt advice. Its purpose is straight forward – to ensure that those who are within the Statutory Debt Repayment Plan scheme will receive debt advice. […]
Financial Services Bill Amendments:
Updating the Know Your Customer [KYC] -Identity Verification- Process. Today (3 March 2021) is day four of the House of Lords committee stage debates on the Financial Services Bill. I am proposing an amendment to highlight the current, sub-optimal, identity verification requirement in financial services known as Know Your Customer [KYC]. This amendment also offers […]
Financial Services Bill Amendments:
6. ‘Lead Generators’ – Time for Regulation. Today (3 March 2021), in the House of Lords, I am putting forward an amendment to the Financial Services Bill which would increase protection for those who find themselves vulnerable to the sharp practice of ‘lead generators’ when they are in debt. The amendment is designed to prevent […]
Financial Services Bill Amendments:
5. The Case for Regional Mutual Banks Today (1 March 2021) is day 3 of committee stage for the Financial Services Bill in the House of Lords. I am putting forward an amendment to the bill which could positively impact the levelling up agenda. If accepted, this amendment could: Dramatically increase financial inclusion for our […]
Financial Services Bill Amendments:
4. Duty to Report on Environmental, Social and Governance Status of Funds. Today (1 March 2021) is day three of committee stage for the Financial Services Bill in the House of Lords. I am putting forward an amendment which would require fund managers to report to the Financial Conduct Authority on how their funds, and […]
Financial Services Bill Amendments:
3: Adding a Financial Inclusion Objective to the Remit of the Financial Conduct Authority (FCA). Today (22 February 2021) is the first day of Committee Stage for the Financial Services Bill in the House of Lords. I will be speaking in support of several amendments and putting forward three amendments in my own name; to […]
Financial Services Bill Amendments:
2. Introducing a Review of Financial Services Regulations. Today (22 February 2021) is the first day of Committee Stage for the Financial Services Bill in the House of Lords. I will be speaking in support of several amendments and putting forward three particular amendments in my own name. Second of my amendments to be debated […]
Financial Services Bill Amendments:
1. Improving Small and Medium-Sized Enterprises (SME) rights by permitting rights of action for breaches of Financial Conduct Authority (FCA) handbook. Today (22 February 2021) is the first day of Committee Stage for the Financial Services Bill in the House of Lords. I will be speaking in support of several amendments and putting forward three […]