Motion, That the draft Data Reporting Services Regulations 2023, which were laid before this House on 27 November 2023, be approved. Agreed to on question.

Motion, That the draft Data Reporting Services Regulations 2023, which were laid before this House on 27 November 2023, be approved. Agreed to on question.

Motions to consider. Agreed to on question.

Motions to consider. Agreed to on question.

Letter dated 16/01/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding questions raised in the Data Reporting Services Regulations and Securitisation Regulations 2023 debate: parliamentary scrutiny, commencement, Data Reporting Services Regulations: enforcement powers, consolidated tape impact and bids, Securitisation Regulations: scope, due diligence requirements, review, and disapplication and modification of rules. 8p.

Letter dated 16/01/2024 from Baroness Vere of Norbiton to Lord Livermore and Lord Sharkey regarding questions raised in the Data Reporting Services Regulations and Securitisation Regulations 2023 debate: parliamentary scrutiny, commencement, Data Reporting Services Regulations: enforcement powers, consolidated tape impact and bids, Securitisation Regulations: scope, due diligence requirements, review, and...

Lords motions to approve. Agreed to on question.

Lords motions to approve. Agreed to on question.

My Lords, on behalf of my noble friend Lady Vere of Norbiton, I beg to move the Motions standing in her name on the Order Paper en bloc.

My Lords, on behalf of my noble friend Lady Vere of Norbiton, I beg to move the Motions standing in her name on the Order Paper en bloc.

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

My Lords, both these instruments are made under powers in the Financial Services and Markets Act 2023, which I will refer to as FiSMA 2023. The regulations form part of the Government’s ambitious programme to deliver a smarter regulatory framework for financial services. As highlighted by the SLSC, these SIs...

My Lords, both these instruments are made under powers in the Financial Services and Markets Act 2023, which I will refer to as FiSMA 2023. The regulations form part of the Government’s ambitious programme to deliver a smarter regulatory framework for financial services. As highlighted by the SLSC, these SIs...

My Lords, I will speak first to the data reporting services SI. The Explanatory Memorandum for this instrument helpfully reduces its

28 pages to a succinct six pages. It makes plain what the scrutiny situation with regard to the SI will be. Paragraph 7.4 says:

“Before FSMA 2023, the FCA did...

My Lords, I will speak first to the data reporting services SI. The Explanatory Memorandum for this instrument helpfully reduces its

28 pages to a succinct six pages. It makes plain what the scrutiny situation with regard to the SI will be. Paragraph 7.4 says:

“Before FSMA 2023, the FCA did...

My Lords, I am grateful to the Minister for introducing these two grouped SIs, both of which we support.

The Explanatory Memoranda accompanying these regulations note that the repeal of retained EU law remains subject to the entry into force of commencement regulations in order to ensure that there is no...

My Lords, I am grateful to the Minister for introducing these two grouped SIs, both of which we support.

The Explanatory Memoranda accompanying these regulations note that the repeal of retained EU law remains subject to the entry into force of commencement regulations in order to ensure that there is no...

My Lords, I am grateful to both noble Lords for their consideration. I will definitely have to write. I am grateful to the noble Lord, Lord Sharkey, for all his questions; I am just not clever enough to listen, write them all down and come up with a response at...

My Lords, I am grateful to both noble Lords for their consideration. I will definitely have to write. I am grateful to the noble Lord, Lord Sharkey, for all his questions; I am just not clever enough to listen, write them all down and come up with a response at...