Contributions
973 recent contributions in Hansard
HANSARDFinancial Services and Markets Bill (Third sitting)I thank all the hon. Members who contributed to the debate. I notice that the Minister did not explain why amendment 44 is a bad idea. He has not given any reason why it would…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I am still not sure that the Minister gets this. I will not push the amendment to a vote, but I sincerely hope that he will see the need for such a measure in financial services…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I hope that the record of the sitting will clearly indicate that the Minister was given the chance to reply to the hon. Lady’s question—twice, in fact—but chose not to. It is a…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)It is interesting that we have three clauses here, each of which give the Treasury the power to amend legislation in very, very closely defined and restricted ways, and every one…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)It does not make a lot of sense to press amendment 37 now that amendment 36 has gone. In fact, arguably, on its own, amendment 37 would weaken the position of the devolved…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)My hon. Friend makes a valid point. It is sometimes forgotten that the devolved Parliaments have a number of checks in place to prevent them from attempting to legislate on things…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)Thank you, Dame Maria. I hear the Minister’s assurances, but this issue is too important for us to rely on the conventions of the House, which have been broken far too often. The…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I beg to move amendment 44, in clause 1, page 1, leave out line 6 and insert— “(1) The Treasury may, by regulations, revoke the legislation referred to in Schedule 1. (1A) The…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)I am grateful for that intervention. I do not disagree with a word of it. My point is simply that whatever the conventions, traditions and proceedings of this House might tell us,…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I beg to move amendment 35, in clause 8, page 9, line 25, at end insert— “(ba) in cases where the regulations make provision for liability, make provision for nominated…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I thank Members on both sides of the Committee who have supported the intention behind the amendment. As I said in my opening remarks, I accept that it does not sit particularly…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 20 ordered to stand part of the Bill. Schedule 5 agreed to. Ordered , That further…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)The Minister says that we all understand what financial promotions are, but do we really? Is the existing definition agile enough? One of the dodgy directors I mentioned earlier…25 Oct 2022HANSARDFinancial Services and Markets Bill (Fourth sitting)The amendment can be summed up in four words: “Hands aff oor Parliament”, whether that Parliament is the national Parliament of Scotland, Senedd Cymru or the Northern Ireland…25 Oct 2022HANSARDFinancial Services and Markets Bill (Third sitting)If it became clear to the Treasury or the relevant regulator that crowdfunders were using funds for illicit purposes, rather than for genuinely good causes, I would expect the…25 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q Is there a replacement risk with the EU legislation? Certainly a number of our witnesses from the big institutions said that there are parts of it that they would like to see…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q If there is a long-term downtick in the world’s willingness to invest clean money in the United Kingdom, does that increase the risk that dirty money will replace it? Martin…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q How effective has the UK been at keeping dirty money out of the financial services sector? Martin Taylor: I do not know. I probably have the same suspicions that you have.…19 Oct 2022HANSARDFinancial Services and Markets Bill (Second sitting)Q I do not know whether your responsibilities at Which? include consumer protection, particularly in relation to the financial services market, but from your perspective do the…19 Oct 2022HANSARDFinancial Services and Markets Bill (First sitting)I have money saved and invested with Nationwide building society, which has submitted evidence on its own account. I am also with a credit union that I believe is affiliated to…19 Oct 2022