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Debate on bill and Public Bill Committee proceeding on Thursday, 3 December 2020, in the House of Commons, led by John Glen. The answering member was Abena Oppong-Asare.


Financial Services Bill. Committee stage twelfth sitting (afternoon)

New clause 8 (Money laundering: electronic money institutions) debated and withdrawn. New clause 9 (Public country-by-country reporting by financial services companies) debated and withdrawn. New clause 10 (FCA recommendation to remove a self-regulatory organisation: Ministerial statement) debated and withdrawn. New clause 16 (Consumer credit: extension of FCA rule-making duty), discussed with new clause 17 (Regulation of buy-now-pay-later firms) and new clause 22 (Cost of credit: FCA assessment), debated and withdrawn. New clause 17 negatived on division (6 to 10). New clause 20 (Power of a select committee to require the FCA to conduct an investigation) debated and withdrawn. New clause 21 (Assessment of risks of consumer detriment) negatived on division (6 to 10). New clause 24 (Facilitation of economic crime) debated and withdrawn. New clause 26 (Legal protections for retail clients against the mis-selling of financial services), discussed with new clause 27 (Legal protections for small businesses against the mis-selling of financial services), debated and withdrawn. New clause 29 (Review of Impact of Scottish National Investment Bank Powers) negatived on division (6 to 10). New clause 31 (Parliamentary scrutiny of FCA provisions), discussed with new clause 32 (Scrutiny of FCA Powers by committees), negatived on division (6 to 10). New clause 33 (Review of impact of Act on UK meeting Paris climate change commitments), discussed with new clause 34 (Review of impact of Act on UK meeting UN Sustainable Development Goals), debated and withdrawn. New clause 35 (Money laundering and overseas trustees: review) negatived on division (6 to 10). New clause 37 (Registered societies with withdrawable share capital: removal of restriction on banking), negatived on division (6 to 10). New clause 38 (Duty of care specification) negatived on divison (6 to 10). Bill, as amended, to be reported (Bill 225). Written evidence reported to the House.


Secondary information

Type
Committee proceeding
Session
2019-21
Department
Treasury
Committee
Financial Services Bill Committee
Legislative stage
Committee stage
Procedure
New clauses
Chamber / Committee
General committees
Related items
Financial Services Bill 2019-21
Wednesday, 21 October 2020
Bills
House of Commons
Financial Services Bill 2019-21. As amended in Committee.
Thursday, 3 December 2020
Bills
House of Commons
Subjects
Disclosure of information Consumers Climate change Credit Fraud Financial services Protection Powers Money laundering Parliamentary scrutiny Misrepresentation Mutual societies Small businesses Regulation Sustainable development Taxation Technology Select committees Multinational companies Financial Conduct Authority Freezing of assets Scottish limited partnerships Scottish National Investment Bank
Legislation
Financial Services Bill 2019-21
Link
View this Committee proceeding on hansard.parliament.uk