Financial Services Bill Amendment: Duty to Report on ESG 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 each constituent part of their funds, satisfy such environmental, social and governance …

Financial Services Bill Amendments: Adding a Financial Inclusion Objective to the FCA Remit

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 better protect small and medium-sized enterprises, to review financial services regulation and to ensure more …

Financial Services Bill Amendment: 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 during todays proceedings will be amendment 113, which …

Financial Services Bill Amendment: Rights of Action for Small Businesses

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 particular …

Financial Services Bill

I was delighted to take part in the second reading of the Financial Services Bill.  In a world of important legislation it is worth noting that this Bill is up there as one of the most significant we will consider, this year, as it progresses through the Lords. John Glen, Economic Secretary to the Treasury, …