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Financial Services Bill. Committee stage eleventh sitting (morning)

New clause 2 (European Union regulatory equivalence for UK-based financial services businesses), discussed with new clause 28 (Pre-commencement impact assessment of leaving the EU Customs Union) and new clause 36 (Regulatory divergence from the EU in financial services: annual review), negatived on division (6 to 9). New clause 4 (Strategy for financial services) debated and withdrawn. New clause 5 (Regulation of lead generators for debt advice and debt solution services) debated and withdrawn. New clause 6 (Duty of care for financial service providers), discussed with new clause 15 (Financial Conduct Authority: regard to consumer detriment), new clause 18 (Duty of FCA to investigate and report on possible regulatory failure), new clause 21 (Assessment of risks of consumer detriment), new clause 23 (Consumer redress schemes: FCA reporting requirements), new clause 38 (Duty of care specification), new clause 39 (Duty of care specification on all financial services providers), new clause 40 (Duty of care specification on all financial services providers (No. 2)), new clause 41 (Duty of care on all financial service providers) and new clause 42 (Report on FCA’s progress on duty of care consultation), negatived on division (6 to 8).