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My Lords, these regulations will add four pieces of legislation, known as “enactments”, to the list set out in Section 17(3) of the Financial Services and Markets Act 2023, so that those enactments can be temporarily modified as part of the financial market infrastructure sandboxes.

A financial market infrastructure sandbox is...

Member
Lord Livermore (Labour)
Type
Proceeding contributions
Date
2 December 2024
Reference
841 cc315-7GC
House
House of Lords

My Lords, the more times I read this statutory instrument—even after writing myself a cheat sheet on its alphabet soup of acronyms—the more I realise that I lack the expertise in the digital financial services and crypto space to really understand what is happening, the context and the implications. However,...

Member
Baroness Kramer (Liberal Democrat)
Type
Proceeding contributions
Date
2 December 2024
Reference
841 cc317-8GC
House
House of Lords

My Lords, it is a privilege to address the Committee on the Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024. These regulations serve to bring various legislation under the remit of the financial market infrastructure—FMI—sandbox. The sandbox regime is an important part of the Financial Services...

Member
Lord Altrincham (Conservative)
Type
Proceeding contributions
Date
2 December 2024
Reference
841 cc318-9GC
House
House of Lords

My Lords, I am extremely grateful to the noble Baroness, Lady Kramer, and the noble Lord, Lord Altrincham, for their contributions and their support for this measure. The noble Baroness spoke about its complexity and the alphabet soup. I have huge sympathy for that perspective, I must say; as such,...

Member
Lord Livermore (Labour)
Type
Proceeding contributions
Date
2 December 2024
Reference
841 cc319-320GC
House
House of Lords

Lords motion to consider. Agreed to on question.

Lead member
Lord Livermore
Answering member
Lord Altrincham
Department
Treasury
Type
Debates on delegated legislation
Date
2 December 2024
Reference
841 cc315-320GC
House
House of Lords