Amendment text
Baroness Bowles of Berkhamsted gives notice of her intention to oppose the Question that Clause 1 stand part of the Bill.
Proposed amendments
243 amendments across 33 provisions
Clause 1 4
Tabled againstAs introduced· Clause 1
Amendment text
Leave out Clause 1
Amendment text
Clause 1, page 1, line 4, leave out subsection (1)
Amendment text
After Clause 1, insert the following new Clause—
“Interaction with FCA Rules
“Interaction with FCA Rules
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 3 14
Amendment text
Lord Vaux of Harrowden gives notice of his intention to oppose the Question that Clause 3 stand part of the Bill.
Amendment text
Leave out Clause 3
Amendment text
Clause 3, page 1, line 21, at end insert—
“(1A) Before making regulations under this section the Treasury must consult persons which provide banking services and such other persons as the Treasury consider may be affected by the regulations.”
“(1A) Before making regulations under this section the Treasury must consult persons which provide banking services and such other persons as the Treasury consider may be affected by the regulations.”
Amendment text
Clause 3, page 1, line 21, at end insert—
“(1A) Before making regulations under this section the Treasury must be satisfied that the banking services included in the regulations will not be provided on a voluntary basis.”
“(1A) Before making regulations under this section the Treasury must be satisfied that the banking services included in the regulations will not be provided on a voluntary basis.”
Amendment text
Clause 3, page 2, line 1, leave out “regulations” and insert “the first regulations under this section”
Amendment text
Clause 3, page 2, line 4, at end insert—
“(b) published evidence that there is material consumer detriment arising from inadequate access to essential in-person banking services,
“(b) published evidence that there is material consumer detriment arising from inadequate access to essential in-person banking services,
Amendment text
Clause 3, page 2, line 4, at end insert—
“(b) a clear definition of what constitutes an acceptable banking hub format for particular types of location and the minimum time between it becoming operational and the branch closure that triggers its requirement coming into effect,
“(b) a clear definition of what constitutes an acceptable banking hub format for particular types of location and the minimum time between it becoming operational and the branch closure that triggers its requirement coming into effect,
Amendment text
Clause 3, page 2, line 4, at end insert—
“(b) the need for in-person banking provision in village, district and town centres and the potential for funding such centres through a levy on banks.”
“(b) the need for in-person banking provision in village, district and town centres and the potential for funding such centres through a levy on banks.”
Amendment text
Clause 3, page 2, line 4, at end insert—
“(2A) Regulations may only make provision arising directly from the review carried out under subsection (2).”
“(2A) Regulations may only make provision arising directly from the review carried out under subsection (2).”
Amendment text
Clause 3, page 2, line 4, at end insert—
“(2A) Before making any other regulations under this section, other than for matters considered by the Treasury to be minor, the Treasury must commission an independent review into whether any further regulations in respect of the provision of banking services are required.”
“(2A) Before making any other regulations under this section, other than for matters considered by the Treasury to be minor, the Treasury must commission an independent review into whether any further regulations in respect of the provision of banking services are required.”
Amendment text
Clause 3, page 2, line 8, leave out paragraph (b)
Amendment text
Clause 3, page 2, line 10, leave out “from time to time” and insert “on the date the regulations are made”
Amendment text
After Clause 3, insert the following new Clause—
“Access to affordable credit
“Access to affordable credit
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 3, insert the following new Clause—
“Fiduciary duty owed to retail customers
“Fiduciary duty owed to retail customers
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 6 5
Amendment text
Clause 6, page 5, line 10, leave out from the second “the” to end of line 16 and insert “end of the period of ten years beginning with the act or omission to which the complaint relates, determined in accordance with the rules (which may provide for different times in relation to different cases).
(1B) Among other things, rules made under sub-paragraph 13(1) must provide in specified circumstances for the applicable time limit to end at a later time where—
(1B) Among other things, rules made under sub-paragraph 13(1) must provide in specified circumstances for the applicable time limit to end at a later time where—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 6, page 5, line 11, leave out “ten” and insert “six”
Amendment text
Clause 6, page 5, leave out lines 15 and 16 and insert—
“(1B) The Secretary of State may, by regulations, give the FCA powers to rule on specified circumstances in which the applicable time limit may be a later time.
“(1B) The Secretary of State may, by regulations, give the FCA powers to rule on specified circumstances in which the applicable time limit may be a later time.
Amendment text
Clause 6, page 5, line 16, at end insert—
“(1C) The applicable time limit must not operate to bar a complaint where, in relation to the same act, omission, course of conduct or relationship, any of the following applies—
“(1C) The applicable time limit must not operate to bar a complaint where, in relation to the same act, omission, course of conduct or relationship, any of the following applies—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 6, page 5, line 22, at end insert—
“(6) In section 429(2) of the Financial Services and Markets Act 2000, after “Schedule 2A” insert “or paragraph 13(1B) of Schedule 17”.”
“(6) In section 429(2) of the Financial Services and Markets Act 2000, after “Schedule 2A” insert “or paragraph 13(1B) of Schedule 17”.”
Clause 7 2
Amendment text
Lord Sharkey gives notice of his intention to oppose the Question that Clause 7 stand part of the Bill.
Amendment text
Clause 7, page 9, line 38, at end insert—
“(4) Regulations under this section must provide that—
“(4) Regulations under this section must provide that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 8 8
Amendment text
Lord Davies of Brixton gives notice of his intention to oppose the Question that Clause 8 stand part of the Bill.
Amendment text
Clause 8, page 11, line 3, leave out from beginning to end of line 6 on page 12 and insert—
“(2) A complaint is to be determined by reference to what is, in the opinion of the Financial Ombudsman, fair and reasonable in all the circumstances of the case.
“(2) A complaint is to be determined by reference to what is, in the opinion of the Financial Ombudsman, fair and reasonable in all the circumstances of the case.
Amendment text
Clause 8, page 11, line 4, at end insert “and the FCA”
Amendment text
Clause 8, page 11, line 9, leave out from “omission,” to end of line 11
Amendment text
Clause 8, page 11, line 32, leave out from beginning to end of line 6 on page 12
Amendment text
Clause 8, page 11, line 34, after “Ombudsman” insert “and the FCA”
Amendment text
Clause 8, page 12, line 7, leave out “in paragraph 14(2), omit paragraph (a)” and insert “for sub-paragraph 14(2)(a) substitute—
(a) specify matters which are to be taken into account in assessing the relevance or significance of an act or omission relevant to the complaint under investigation, consideration and determination under section 228;”
(a) specify matters which are to be taken into account in assessing the relevance or significance of an act or omission relevant to the complaint under investigation, consideration and determination under section 228;”
Amendment text
Clause 8, page 12, leave out lines 9 to 13
Clause 10 1
Amendment text
Clause 10, page 12, line 37, at end insert—
“(b) after subsection (1) insert—
“(b) after subsection (1) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 12 1
Amendment text
After Clause 12, insert the following new Clause—
“Claims management services: Northern Ireland
“Claims management services: Northern Ireland
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 13 2
Amendment text
After Clause 13, insert the following new Clause—
“Reimbursement of fraud: liability of technology companies
“Reimbursement of fraud: liability of technology companies
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 13, insert the following new Clause—
“Review of the mandatory authorised push payment fraud reimbursement requirement
“Review of the mandatory authorised push payment fraud reimbursement requirement
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 14 10
Amendment text
The above-named Lords give notice of their intention to oppose the Question that Clause 14 stand part of the Bill.
Amendment text
Clause 14, page 16, line 35, at end insert—
“(1C) Regulations made under subsection (1A) may make provision in relation to—
“(1C) Regulations made under subsection (1A) may make provision in relation to—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 14, page 16, line 35, at end insert—
“(1C) Regulations made under subsection (1A) must—
“(1C) Regulations made under subsection (1A) must—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
“Anti-money laundering: provision of support to professional services firms
“Anti-money laundering: provision of support to professional services firms
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
Anti-money laundering supervisory functions
Anti-money laundering supervisory functions
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
Professional expertise in anti-money laundering supervision
Professional expertise in anti-money laundering supervision
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
Anti-money laundering: assessment of supervisory costs
Anti-money laundering: assessment of supervisory costs
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
Anti-money laundering: regional supervision
Anti-money laundering: regional supervision
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
“Anti-money laundering: supervision transition report
“Anti-money laundering: supervision transition report
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 14, insert the following new Clause—
“Review of anti-money laundering and counter-terrorist financing supervision
“Review of anti-money laundering and counter-terrorist financing supervision
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 16 11
Amendment text
Baroness Bowles of Berkhamsted gives notice of her intention to oppose the Question that Clause 16 stand part of the Bill.
Amendment text
Clause 16, page 18, line 33, leave out “5” and insert “3”
Amendment text
Clause 16, page 18, line 38, at end insert—
“(ba) its secondary objective,”
“(ba) its secondary objective,”
Amendment text
Clause 16, page 19, line 15, at end insert—
“(4A) In preparing or revising a strategy, the FCA must consult persons it considers would be affected by the strategy including persons it regulates.”
“(4A) In preparing or revising a strategy, the FCA must consult persons it considers would be affected by the strategy including persons it regulates.”
Amendment text
Clause 16, page 19, line 17, at end insert—
“(5A) A strategy must include a review of all regulations with the specific aim of identifying outdated or otherwise unnecessary regulatory requirements and set out how the FCA will eliminate unnecessary regulations to the extent that such action is appropriate.”
“(5A) A strategy must include a review of all regulations with the specific aim of identifying outdated or otherwise unnecessary regulatory requirements and set out how the FCA will eliminate unnecessary regulations to the extent that such action is appropriate.”
Amendment text
Clause 16, page 19, line 29, leave out subsection (4)
Amendment text
Clause 16, page 20, line 10, leave out “5” and insert “3”
Amendment text
Clause 16, page 20, line 26, at end insert—
“(4A) In preparing or revising a strategy, the PRA must consult persons it considers would be affected by the strategy including persons it regulates.”
“(4A) In preparing or revising a strategy, the PRA must consult persons it considers would be affected by the strategy including persons it regulates.”
Amendment text
Clause 16, page 20, line 28, at end insert—
“(5A) A strategy must include a review of all regulations with the specific aim of identifying outdated or otherwise unnecessary regulatory requirements and set how the PRA will eliminate unnecessary regulations to the extent that such action is appropriate.”
“(5A) A strategy must include a review of all regulations with the specific aim of identifying outdated or otherwise unnecessary regulatory requirements and set how the PRA will eliminate unnecessary regulations to the extent that such action is appropriate.”
Amendment text
Clause 16, page 21, line 13, leave out subsection (8)
Amendment text
After Clause 16, insert the following new Clause—
“Review of regulatory principles
“Review of regulatory principles
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 17 18
Amendment text
The above-named Lords give notice of their intention to oppose the Question that Clause 17 stand part of the Bill.
Amendment text
Clause 17, page 21, line 34, after “duties)” insert—
“(a) in subsection (1), at end insert—
“(a) in subsection (1), at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 37, at end insert—
“(3A) In section 2B(1) (the PRA’s general objective), at end insert—
“(3A) In section 2B(1) (the PRA’s general objective), at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B (regulatory principles to be applied by both regulators), in subsection (1), at the end insert—
“(2) In section 3B (regulatory principles to be applied by both regulators), in subsection (1), at the end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B (regulatory principles to be applied by both regulators), in subsection (1), at the end insert—
“(2) In section 3B (regulatory principles to be applied by both regulators), in subsection (1), at the end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B (regulatory principles to be applied to both regulators), in subsection (1), at end insert—
“(2) In section 3B (regulatory principles to be applied to both regulators), in subsection (1), at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, leave out subsection (2) to (11) and insert—
“(2) In Section 3B(1) (regulatory principles to be applied by both regulators), in paragraph (b), for the words from “considered” to the end of that paragraph substitute “taking into consideration the nature of the service or product being delivered, the nature of risk to the consumer, whether the cost of implementation is proportionate to that level of risk and whether the burden or restriction enhances UK international competitiveness;””
“(2) In Section 3B(1) (regulatory principles to be applied by both regulators), in paragraph (b), for the words from “considered” to the end of that paragraph substitute “taking into consideration the nature of the service or product being delivered, the nature of risk to the consumer, whether the cost of implementation is proportionate to that level of risk and whether the burden or restriction enhances UK international competitiveness;””
Amendment text
Clause 17, page 21, line 34, leave out subsections (2) to (11) and insert—
“(2) In section 3B(1) (regulatory principles to be applied by both regulators), after paragraph (h), insert—
“(2) In section 3B(1) (regulatory principles to be applied by both regulators), after paragraph (h), insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, after “duties)” insert—
“(a) in subsection (1) at end insert—
“(a) in subsection (1) at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, after “duties)” insert—
“(a) in subsection (1), at end insert—
“(a) in subsection (1), at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 21, line 34, at end insert—
“(b) at the end of subsection (5)(b) insert “, including financial crime related to the proceeds of organised environmental crimes contributing to climate breakdown.””
“(b) at the end of subsection (5)(b) insert “, including financial crime related to the proceeds of organised environmental crimes contributing to climate breakdown.””
Amendment text
Clause 17, page 21, line 37, at end, insert—
“(3A) In section 2B(1) (the PRA’s general objective), at end insert
“(3A) In section 2B(1) (the PRA’s general objective), at end insert
Amendment text
Clause 17, page 21, line 37, at end insert—
“(3A) In section 2B(1) (the PRA’s general objective), at end insert—
“(3A) In section 2B(1) (the PRA’s general objective), at end insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 22, line 3, at end insert “and omit subsection (1)(b).”
Amendment text
Clause 17, page 22, line 3 at end, insert “and after subsection (1)(h) insert—
(i) the regulatory principles in section 21(2) of the Legislative and Regulatory Reform Act 2006.”
(i) the regulatory principles in section 21(2) of the Legislative and Regulatory Reform Act 2006.”
Amendment text
Clause 17, page 22, line 3, at end insert—
“(b) after paragraph (h) insert—
“(b) after paragraph (h) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 17, page 22, line 3, at end insert—
“(5A) In section 3B (regulatory principles to be applied by both regulators)—
“(5A) In section 3B (regulatory principles to be applied by both regulators)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
After Clause 17, insert the following new Clause—
“Treasury statement of concern
“Treasury statement of concern
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 18 15
Amendment text
Baroness Bowles of Berkhamsted gives notice of her intention to oppose the Question that Clause 18 stand part of the Bill.
Amendment text
Leave out Clause 18
Amendment text
Clause 18, page 23, line 35, leave out subsections (10) and (11)
Amendment text
[Withdrawn]
Clause 18, page 24, line 1, leave out from “report),” to end of line 3 and insert “after paragraph (ic) insert—
Clause 18, page 24, line 1, leave out from “report),” to end of line 3 and insert “after paragraph (ic) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
[Withdrawn]
Clause 18, page 24, line 5, leave out from “report),” to end of line 8 and insert “after paragraph (fb) insert—
Clause 18, page 24, line 5, leave out from “report),” to end of line 8 and insert “after paragraph (fb) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 18, page 22, line 32, leave out subsections (2) and (3)
Amendment text
Clause 18, page 23, line 15, leave out subsection (7)
Amendment text
Clause 18, page 23, line 15, leave out subsections (7) and (8)
Amendment text
Clause 18, page 23, line 29, leave out subsection (8)
Amendment text
Clause 18, p
age 23, line 38, leave out subsection (11) and insert—
age 23, line 38, leave out subsection (11) and insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 18, page 23, line 39, at end insert—
“(11A) In section 340 (appointment), in subsection (3A)(a) for “must” substitute “may””
“(11A) In section 340 (appointment), in subsection (3A)(a) for “must” substitute “may””
Amendment text
Clause 18, page 24, line 3, at end insert—
“(b) after paragraph (ic) (omitted by sub-paragraph (a) above), insert—
“(b) after paragraph (ic) (omitted by sub-paragraph (a) above), insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 18, page 24, line 3, at end insert—
“(12A) In paragraph 28 of Schedule 1ZA (relevant consultation)—
“(12A) In paragraph 28 of Schedule 1ZA (relevant consultation)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 18, page 24, line 3, at end insert—
“(12A) After paragraph (11)(4) of Schedule 1ZA, insert—
“(12A) After paragraph (11)(4) of Schedule 1ZA, insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 18, page 24, line 8, at end insert—
“(c) in paragraph 36 (relevant consultation)—
“(c) in paragraph 36 (relevant consultation)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 19 1
Amendment text
After Clause 19, insert the following new Clause—
“FCA and PRA secondary competitiveness and growth objectives
“FCA and PRA secondary competitiveness and growth objectives
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 20 7
Amendment text
Clause 20, page 25, line 7, at end insert—
“(3A) The Treasury must lay a copy of each report prepared under this section before Parliament.”
“(3A) The Treasury must lay a copy of each report prepared under this section before Parliament.”
Amendment text
Clause 20, page 25, line 7, at end insert—
“(3A) A report prepared by a regulator under this section must be prepared and published in a manner which is clear, comparable with previous reports so far as reasonably practicable, and relevant to the practical experience of authorised persons and consumers.
“(3A) A report prepared by a regulator under this section must be prepared and published in a manner which is clear, comparable with previous reports so far as reasonably practicable, and relevant to the practical experience of authorised persons and consumers.
Amendment text
Clause 20, page 25, line 11, after “1B(4A)” insert “and to its payment systems objectives, including the innovation objective and the competition objective”
Amendment text
After Clause 20, insert the following new Clause—
“Competitiveness and growth objective: Financial Markets Infrastructure functions
“Competitiveness and growth objective: Financial Markets Infrastructure functions
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 20, insert the following new Clause—
“Climate risk and environment principle: reporting requirements
“Climate risk and environment principle: reporting requirements
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 20, insert the following new Clause—
“Financial inclusion objective: reporting requirements
“Financial inclusion objective: reporting requirements
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 20, insert the following new Clause—
“Secondary objectives of the Bank of England in relation to payment systems and service providers
“Secondary objectives of the Bank of England in relation to payment systems and service providers
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 21 12
Amendment text
Clause 21, page 26, line 3, leave out “changing” and insert “reducing”
Amendment text
Clause 21, page 26, line 4, at end insert “provided that any such regulations reduce, and do not increase, the period in question”.
Amendment text
Clause 21, page 26, line 4, at end insert—
“(12) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must make regulations under subsection (11).”
“(12) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must make regulations under subsection (11).”
Amendment text
Clause 21, page 26, line 5, at end insert—
“(za) after subsection (2) insert—
“(za) after subsection (2) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 21, page 26, line 22, at end insert—
“(aa) after subsection (4) insert—
“(aa) after subsection (4) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 21, page 26, line 25, leave out “changing” and insert “reducing”
Amendment text
Clause 21, page 26, line 25, at end insert “provided that any such regulations reduce, and do not increase, the period in question.”
Amendment text
Clause 21, page 26, line 25, at end insert—
“(9) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must make regulations under subsection (8).”
“(9) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must make regulations under subsection (8).”
Amendment text
Clause 21, page 26, line 31, leave out “changing” and insert “reducing”
Amendment text
Clause 21, page 26, line 36, leave out “changing” and insert “reducing”
Amendment text
Clause 21, page 26, line 36, after “consideration” insert “provided that any such regulations reduce, and do not increase, the period in question.”
Amendment text
Clause 21, page 26, line 36, at end insert—
“(7) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must exercise its powers under subsection (6).”
“(7) Where, for two consecutive years, the regulators have complied with the applicable period for determination of applications under this section, the Treasury must exercise its powers under subsection (6).”
Clause 22 32
Amendment text
After Clause 22, insert the following new Clause—
“Section 166 reviews: threshold and proportionality requirements
“Section 166 reviews: threshold and proportionality requirements
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Reports by skilled persons
“Reports by skilled persons
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Cost benefit panels
“Cost benefit panels
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Review of bank capital requirements
“Review of bank capital requirements
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Periodic independent review of financial regulators
“Periodic independent review of financial regulators
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Reducing regulator duplication
“Reducing regulator duplication
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Safeguards on regulatory information collecting
“Safeguards on regulatory information collecting
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Financial inclusion objective
“Financial inclusion objective
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Financial fraud prevention
“Financial fraud prevention
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Open finance framework
“Open finance framework
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“FCA innovation unit
“FCA innovation unit
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“FCA financial inclusion unit
“FCA financial inclusion unit
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Cost Benefit Analysis Panel reform
“Cost Benefit Analysis Panel reform
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Digital operational resilience of regulated firms
“Digital operational resilience of regulated firms
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“AI governance in regulated activities
“AI governance in regulated activities
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Cost benefit analysis: guidance and supervisory practices
“Cost benefit analysis: guidance and supervisory practices
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Office for Financial Regulatory Accountability
“Office for Financial Regulatory Accountability
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Charter for Financial Regulatory Accountability
“Charter for Financial Regulatory Accountability
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Main duties of the Office
“Main duties of the Office
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Reports of the Office
“Reports of the Office
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Right to information and data
“Right to information and data
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Membership of the Office
“Membership of the Office
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Financial arrangements of the Office
“Financial arrangements of the Office
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Requirement to make rules on climate transition plans
“Requirement to make rules on climate transition plans
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“FCA rules: access to certain savings accounts for persons lacking capacity
“FCA rules: access to certain savings accounts for persons lacking capacity
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Requirement to make rules on nature-related financial disclosures
“Requirement to make rules on nature-related financial disclosures
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“FCA: wholesale markets and firms division
“FCA: wholesale markets and firms division
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Facilitation of inheritance tax payment before probate
“Facilitation of inheritance tax payment before probate
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Definition of retail and wholesale clients
“Definition of retail and wholesale clients
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Litigation funding as a regulated activity
“Litigation funding as a regulated activity
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Building society governance standards
“Building society governance standards
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 22, insert the following new Clause—
“Offices for regulatory evaluation
“Offices for regulatory evaluation
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 27 2
Amendment text
Clause 27, page 32, line 38, leave out sub-paragraph (ii)
Amendment text
Clause 27, page 33, line 1, after “sub-paragraph (iii)” insert “(but before any “or” already inserted by section 36(3)(b) of this Act)”
Clause 28 1
Amendment text
After Clause 28, insert the following new Clause—
“Appointed representatives: impact assessment
“Appointed representatives: impact assessment
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 29 1
Amendment text
Clause 29, page 34, line 32, leave out “is in force” and insert “has effect”
Clause 31 1
Amendment text
After Clause 31, insert the following new Clause—
“Review of notification arrangements for previously approved senior managers
“Review of notification arrangements for previously approved senior managers
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 33 4
Amendment text
Clause 33, page 38, line 28, at end insert—
“(2A) In section 61 (determination of applications), in subsection (3ZA)—
“(2A) In section 61 (determination of applications), in subsection (3ZA)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 33, page 38, line 32, at end insert—
“(aa) after subsection (1) insert—
“(aa) after subsection (1) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 33, page 39, line 17, at end insert—
“(5A) In section 309L (determining applications: period for approval), in subsection (1), in paragraph (a)—
“(5A) In section 309L (determining applications: period for approval), in subsection (1), in paragraph (a)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Clause 33, page 39, line 18, after “recognised bodies)” insert—
“(a) after subsection (1) insert—
“(a) after subsection (1) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 36 1
Amendment text
After Clause 36, insert the following new Clause—
“Review of expedited authorisation for firms with previously approved senior managers
“Review of expedited authorisation for firms with previously approved senior managers
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 37 4
Amendment text
Baroness Noakes gives notice of her intention to oppose the Question that Clause 37 stand part of the Bill.
Amendment text
Clause 37, page 43, line 10, leave out “section 408A” and insert “sections 408A or 408B”
Amendment text
Clause 37, page 43, line 40, at end insert—
“(7A) When the Treasury lay regulations under section 408A or 408B before Parliament they must publish any information or advice received from the regulators.”
“(7A) When the Treasury lay regulations under section 408A or 408B before Parliament they must publish any information or advice received from the regulators.”
Amendment text
Clause 37, page 45, line 2, at end insert—
“(7) If the Treasury are satisfied that regulations under section 408A or 408B of the Financial Services and Markets Act 2000 (as inserted by subsection (3)) would, if made, have substantially the same effect as existing overseas recognition provision—
“(7) If the Treasury are satisfied that regulations under section 408A or 408B of the Financial Services and Markets Act 2000 (as inserted by subsection (3)) would, if made, have substantially the same effect as existing overseas recognition provision—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 39 1
Amendment text
The above-named Lords give notice of their intention to oppose the Question that Clause 39 stand part of the Bill.
Clause 40 8
Amendment text
The above-named Lords give notice of their intention to oppose the Question that Clause 40 stand part of the Bill.
Amendment text
Clause 40, page 47, line 30, leave out from beginning to line 2 on page 48 and insert—
“(1) The appropriate regulator shall consider whether there is sufficient provision to ensure the effective provision to a ring-fenced body of services and facilities that it requires in relation to the carrying on of a core activity.
“(1) The appropriate regulator shall consider whether there is sufficient provision to ensure the effective provision to a ring-fenced body of services and facilities that it requires in relation to the carrying on of a core activity.
Amendment text
Clause 40, page 48, line 7, after “rules,” insert “assessments,”
Amendment text
Clause 40, page 48, line 19, at end insert—
“(za) in subsection (1), for “D” substitute “E”;”
“(za) in subsection (1), for “D” substitute “E”;”
Amendment text
Clause 40, page 48, line 21, at end insert—
“(c) after subsection (5) insert—
“(c) after subsection (5) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
After Clause 40, insert the following new Clause—
“Ring-fencing consultation
“Ring-fencing consultation
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 40, insert the following new Clause—
“Ring-fencing rules etc (No. 2)
“Ring-fencing rules etc (No. 2)
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 40, insert the following new Clause—
“Removal of ring-fencing regime for banks
“Removal of ring-fencing regime for banks
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 41 1
Amendment text
Clause 41, page 49, line 29, at end insert—
“(12) The regulations may extend the scope of the commercial credit data sharing scheme to include, with the consent of the data subject—
“(12) The regulations may extend the scope of the commercial credit data sharing scheme to include, with the consent of the data subject—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 44 1
Amendment text
Clause 44, page 51, line 21, at end insert—
“(5) After section 284A insert—
“(5) After section 284A insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 46 17
Amendment text
After Clause 46, insert the following new Clause—
“Review of tokenisation in UK wholesale financial markets
“Review of tokenisation in UK wholesale financial markets
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Digital assets strategy
“Digital assets strategy
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Digital Assets Industry Forum
“Digital Assets Industry Forum
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Review of access to banking and payment services for digital asset firms: competition and market entry
“Review of access to banking and payment services for digital asset firms: competition and market entry
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Review of consumer redress mechanisms in relation to digital assets
“Review of consumer redress mechanisms in relation to digital assets
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Shared digital identity and compliance utilities
“Shared digital identity and compliance utilities
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Cross-border cooperation frameworks
“Cross-border cooperation frameworks
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Prudential alignment of tokenised and traditional assets
“Prudential alignment of tokenised and traditional assets
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Interoperability sandbox and fast-lane authorisation
“Interoperability sandbox and fast-lane authorisation
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Digital financial markets education and use case library
“Digital financial markets education and use case library
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Issuer Digitalisation Council
“Issuer Digitalisation Council
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Common token and data standards
“Common token and data standards
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“FCA rules: model contracts
“FCA rules: model contracts
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Payment rail neutral framework for digital assets
“Payment rail neutral framework for digital assets
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Custodial infrastructure: bridging traditional and token-native systems
“Custodial infrastructure: bridging traditional and token-native systems
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Tokenised markets issuer pathway
“Tokenised markets issuer pathway
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 46, insert the following new Clause—
“Long-term payment rail innovation and neutrality
“Long-term payment rail innovation and neutrality
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 47 14
Amendment text
After Clause 47, insert the following new Clause—
“FCA operational readiness report
“FCA operational readiness report
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Duty to have regard to net regulatory burden
“Duty to have regard to net regulatory burden
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Duty to promote public understanding of financial services and financial capability
“Duty to promote public understanding of financial services and financial capability
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Designated artificial intelligence officer
“Designated artificial intelligence officer
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Know Your Customer regulations review
“Know Your Customer regulations review
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“National financial education strategy
“National financial education strategy
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Small and medium-enterprises enterprises right of action for breaches of FCA handbook
“Small and medium-enterprises enterprises right of action for breaches of FCA handbook
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Forest risk commodities
“Forest risk commodities
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Reform of financial services dispute resolution
“Reform of financial services dispute resolution
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Review: claims management services
“Review: claims management services
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Review of the City of London Corporation
“Review of the City of London Corporation
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Review of regulatory causes of debanking
“Review of regulatory causes of debanking
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Review of regulatory provisions for the protection of commercially sensitive information
“Review of regulatory provisions for the protection of commercially sensitive information
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
After Clause 47, insert the following new Clause—
“Review: senior management regime
“Review: senior management regime
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 52 2
Amendment text
Clause 52, page 55, line 30, at end insert—
“(A1) Subsections (1) to (5) have effect subject to the publication of the report as set out in section (FCA operational readiness report).”
“(A1) Subsections (1) to (5) have effect subject to the publication of the report as set out in section (FCA operational readiness report).”
Amendment text
Clause 52, page 55, line 36, at end insert—
(ba) section (Ring-fencing consultation)”
(ba) section (Ring-fencing consultation)”
Schedule 1 18
Amendment text
Baroness Bowles of Berkhamsted gives notice of her intention to oppose the Question that Schedule 1 be the First Schedule to the Bill.
Amendment text
Leave out Schedule 1
Amendment text
Schedule 1, page 57, line 6, leave out paragraphs 1 to 51
Amendment text
Schedule 1, page 57, line 20, leave out sub-paragraph (c)
Amendment text
Schedule 1, page 58, line 1, leave out sub-paragraph (b)
Amendment text
Schedule 1, page 58, line 3, leave out paragraphs 9 to 17
Amendment text
Schedule 1, page 61, line 24, leave out sub-paragraph (a)
Amendment text
Schedule 1, page 61, line 41, leave out paragraph 21
Amendment text
Schedule 1, page 62, line 1, leave out sub-paragraphs (b) and (c)
Amendment text
Schedule 1, page 62, line 4, at end insert—
“21A In section 86A(4) (FCA to prepare information sheets on arrears and defaults), for “Regulations” substitute “FCA rules”.”
“21A In section 86A(4) (FCA to prepare information sheets on arrears and defaults), for “Regulations” substitute “FCA rules”.”
Amendment text
Schedule 1, page 62, line 4, at end insert—
“21A In section 86B(8) (notice of sums in arrears under fixed-sum credit agreements etc.), for “Regulations” substitute “FCA rules”.”
“21A In section 86B(8) (notice of sums in arrears under fixed-sum credit agreements etc.), for “Regulations” substitute “FCA rules”.”
Amendment text
Schedule 1, page 62, line 4, at end insert—
“21A In section 86C (notice of sums in arrears under running-account credit agreements)—
“21A In section 86C (notice of sums in arrears under running-account credit agreements)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 1, page 62, line 4, at end insert—
“21A In section 86E (notice of default sums)—
“21A In section 86E (notice of default sums)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 1, page 62, line 4, at end insert—
“21A In section 88 (contents and effect of default notice)—
“21A In section 88 (contents and effect of default notice)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 1, page 62, line 10, leave out sub-paragraph (c)
Amendment text
Schedule 1, page 64, line 30, leave out paragraph 33
Amendment text
Schedule 1, page 64, line 32, leave out paragraphs 34 to 38
Amendment text
Schedule 1, page 65, line 35, at end insert—
“38A In section 140A (unfair relationships between creditors and debtors), after subsection (4) insert—
“38A In section 140A (unfair relationships between creditors and debtors), after subsection (4) insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Schedule 2 21
Amendment text
Schedule 2, page 72, line 11, at end insert—
“6A After section 1QA insert—
“6A After section 1QA insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 2, page 72, line 14, at end insert—
“(aa) after subsection (3), insert—
“(aa) after subsection (3), insert—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 2, page 73, leave out lines 27 and 28
Amendment text
Schedule 2, page 75, line 26, leave out “may” and insert “must”
Amendment text
Schedule 2, page 75, line 27, leave out “only”
Amendment text
Schedule 2, page 76, leave out lines 21 and 22
Amendment text
Schedule 2, page 76, line 24, leave out from “are” to “met” in line 25 and insert “satisfied that the grounds for designation in section 131Z5(2) are no longer”
Amendment text
Schedule 2, page 77, line 12, at end insert—
“(2A) The service-user objective includes the interests of consumers using the payment system, including—
“(2A) The service-user objective includes the interests of consumers using the payment system, including—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Schedule 2, page 77, line 22, at end insert—
“(5) For the avoidance of doubt, the FCA’s strategic objective, operational objectives and secondary objective apply equally to its regulation of payment systems.”
“(5) For the avoidance of doubt, the FCA’s strategic objective, operational objectives and secondary objective apply equally to its regulation of payment systems.”
Amendment text
Schedule 2, page 77, line 40, at end insert—
“(aa) the ease with which persons who may wish to use those services can do so;”
“(aa) the ease with which persons who may wish to use those services can do so;”
Amendment text
Schedule 2, page 78, line 10, after “providers” insert “, or persons who wish to become infrastructure providers,”
Amendment text
Schedule 2, page 78, line 12, after “providers” insert “, or persons who wish to become payment service providers,”
Amendment text
Schedule 2, page 78, leave out lines 27 to 30
Amendment text
Schedule 2, page 80, line 15, at end insert—
“(d) imposing a levy on participants across all recognised payment systems to support financial inclusion.”
“(d) imposing a levy on participants across all recognised payment systems to support financial inclusion.”
Amendment text
Schedule 2, page 80, line 15, at end insert—
“131Z12A Fraud prevention duties of payment service providers
“131Z12A Fraud prevention duties of payment service providers
Amendment text
Schedule 2, page 80, line 15, at end insert—
“131Z12A Authorised push payment fraud: reporting duties of the FCA
“131Z12A Authorised push payment fraud: reporting duties of the FCA
Amendment text
Schedule 2, page 83, line 5, leave out “131Z12, 131Z13 or 131Z14” and insert “131Z13, 131Z14 or 131Z15”
Amendment text
Schedule 2, page 93, line 6, at end insert—
“(aa) in paragraph 2(3), omit
“(aa) in paragraph 2(3), omit
Amendment text
Schedule 2, page 93, line 7, leave out “2(3)” and insert “3(7)”
Amendment text
Schedule 2, page 93, line 10, at end insert—
“(ca) in paragraph 5(a), for
“(ca) in paragraph 5(a), for
Amendment text
Schedule 2, page 109, line 4, leave out sub-paragraph (10)
Other amendments 3
Amendment text
After subsection (4) insert—
“(4A) Where a relevant deposit taker receives a score or rating below a minimum threshold prescribed by rules made under this section, the Authority must require the deposit taker to take proportionate remedial action to improve its rating.
“(4A) Where a relevant deposit taker receives a score or rating below a minimum threshold prescribed by rules made under this section, the Authority must require the deposit taker to take proportionate remedial action to improve its rating.
Amendment text
After subsection (1), insert—
“(1A) The reports to be published under subsection (1) must include anonymised examples of how the regulations have been applied in individual cases.”
“(1A) The reports to be published under subsection (1) must include anonymised examples of how the regulations have been applied in individual cases.”
Amendment text
After subsection (2)(a), insert—
“(aa) the provision of preparatory training relating to the interpretation and application of the provisions of this Act,”
“(aa) the provision of preparatory training relating to the interpretation and application of the provisions of this Act,”