Financial Services Bill 2019-21

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Information since 15 Jun 2025, 3:41 p.m.

Financial Services Bill 2019-21 mentioned

Live Transcript
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23 Jul 2025, 8:27 p.m. - House of Lords "noble friend Baroness Kramer pointed out, the last time we had risk- taking in the Financial Services Act, in the context of global " Baroness Ludford (Liberal Democrat) - View Video - View Transcript
16 Jun 2025, 5:37 p.m. - House of Lords "2023 Financial Services Act, I thought that was an incredibly " Lord Sharpe of Epsom (Conservative) - View Video - View Transcript
16 Jun 2025, 5:37 p.m. - House of Lords "financial services regulators in the 2023 Financial Services Act, I " Lord Sharpe of Epsom (Conservative) - View Video - View Transcript
16 Jun 2025, 5:37 p.m. - House of Lords "thought that was an incredibly important addition to the way in which regulatory Financial Services Act are taken. And your Lordships " Lord Sharpe of Epsom (Conservative) - View Video - View Transcript

Select Committee Documents
Wednesday 23rd July 2025 Written Evidence - Rt Hon Sir Geoffrey Vos ROL0113 - Rule of Law Rule of Law - Constitution Committee Found: Assessments of costs. (19) Solicitors’ Act claims in relation to recovery of legal fees. (20) Financial Services Act
Friday 11th July 2025 Report - 2nd Report – Social media, misinformation and harmful algorithms Science, Innovation and Technology Committee Found: provisions included in the Financial Services and Markets Act 2000, the Fraud Act 2006 or the Financial Services Act

Secondary Legislation
Heat Networks (Market Framework) (Great Britain) (Amendment) Regulations 2025 These Regulations amend the Heat Networks (Market Framework) Regulations 2025 (the “2025 Regulations”). The 2025 Regulations provide for persons carrying on a “regulated activity” in relation to heat networks to be required to hold a “heat network authorisation” conferred by the Gas and Electricity Markets Authority (“Ofgem”). Those with heat network authorisations are referred to as “authorised persons”. The amendments provide for the following: Department for Energy Security & Net Zero Parliamentary Status - Text of Legislation - Draft affirmative Laid: Thursday 30th October - In Force: Not stated Found: 948 and 2009/1941, section 101 of the Energy Act 2011, paragraph 101 of Schedule 18 to the Financial Services Act
Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025 These Rules set out the procedure for the conduct of T&S administration proceedings in England and Wales. T&S administration is a special insolvency regime specifically created for companies holding licences under section 7 of the Energy Act 2023. Department for Energy Security & Net Zero Parliamentary Status - Text of Legislation - Made negative Laid: Wednesday 29th October - In Force: 19 Nov 2025 Found: Schedule 20 was amended by S.I. 2009/1941, the Financial Services Act 2012 (c. 21), Schedule 18, paragraph
Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025 This Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) so that the provision of Environmental, Social or Governance (“ESG”) ratings becomes a regulated activity within the meaning of the Financial Services and Markets Act 2000 (c. 8). HM Treasury Parliamentary Status - Text of Legislation - Draft affirmative Laid: Monday 27th October - In Force: Not stated Found: Paragraph 25 of Schedule 2 was amended by section 8 of the Financial Services Act 2012 (c. 21) and section
Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025 These Regulations amend the Pension Schemes Act 2021 (c. 1) (“the 2021 Act”) in order to remove the exclusion of pension schemes used, or intended to be used, by two or more employers some or all of which are not connected with each other (“unconnected multiple employer schemes”) from the definition of “qualifying scheme”. This enables such schemes to be “collective money purchase schemes” for the purposes of Part 1 of the 2021 Act, which extends to England and Wales and Scotland. The Regulations also make further provision about such schemes - such as the detail of the authorisation and supervisory regime to which such schemes will be subject, amend the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulation 2022 (S.I. 2022/255) (“the 2022 Regulations”) and make provision for amendments to legislation in relation to schemes providing collective money purchase benefits. Department for Work and Pensions Parliamentary Status - Text of Legislation - Draft affirmative Laid: Thursday 23rd October - In Force: Not stated Found: was inserted by S.I. 2001/3649 and amended by paragraph 82(1) and (2) of Schedule 18 to the Financial Services Act
Public Offers and Admissions to Trading (Amendment and Consequential and Transitional Provisions) Regulations 2025 These Regulations amend the Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105) (“the 2024 Regulations”) and contain consequential amendments and transitional provisions relating to those Regulations. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 14th October - In Force: Not stated Found: Financial Services and Markets Act 2023. (5)Paragraph 25 was amended by section 8 of the Financial Services Act
Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 These Regulations amend the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (“the 2019 Regulations”) to reflect the United Nations (“UN”) obligations imposed in relation to Iran by virtue of paragraph 12 of UN Security Council Resolution 2231 (2015). Foreign, Commonwealth & Development Office Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 30th September - In Force: 1 Oct 2025 Found: Part 4A was inserted by section 12 of the Financial Services Act 2012 (c. 21). (5)Paragraph (e) of section
Global Irregular Migration and Trafficking in Persons Sanctions Regulations 2025 These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to establish a sanctions regime for the purpose of preventing and combating people smuggling, trafficking in persons and the instrumentalisation of migration for the purpose of destabilising a country. Foreign, Commonwealth & Development Office Parliamentary Status - Text of Legislation - Made affirmative Laid: Tuesday 22nd July - In Force: 23 Jul 2025 Found: 13); S.I. 2013/1881; S.I. 2018/135; and S.I. 2019/632. (13)Section 213 was amended by the Financial Services Act
Criminal Procedure Rules 2025 The Criminal Procedure Rules 2025: Ministry of Justice Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 22nd July - In Force: 6 Oct 2025 Found: 53), S.I. 2001/1149 and 3649 and section 114 of, and paragraph 27 of Schedule 18 to, the Financial Services Act
OTC Derivatives Risk Mitigation and Central Counterparties (Equivalence) (Switzerland) Regulations 2025 These Regulations set out the Treasury’s equivalence determination in respect of the regulatory framework in Switzerland that applies to risk mitigation techniques for OTC derivative contracts not cleared by a CCP and the regulatory framework that applies to CCPs that are established in Switzerland. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Monday 21st July - In Force: 1 Jan 2026 Found: relevant to these Regulations. (4)EUR 575/2013, Article 4(3) was amended by section 1(5) of the Financial Services Act
Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 These Regulations implement provisions in the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services done at Berne on 21st December 2023(52) (“the Agreement”). HM Treasury Parliamentary Status - Text of Legislation - Draft affirmative Laid: Monday 21st July - In Force: Not stated Found: 2012 (c. 21). (11)Substituted by section 24(1) of the Financial Services Act 2012. (12)Amended by
Financial Services (Overseas Recognition Regime Designations) Regulations 2025 These Regulations make supplementary provision in relation to the Treasury’s powers under other legislation to designate the law and practice of another country or territory as equivalent to that of the United Kingdom in relation to an area of financial services and markets law and practice or where it is exercising powers specified in the Schedule to the Regulations. These Regulations restate with modifications the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 (S.I. 2019/541), which are revoked by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29). HM Treasury Parliamentary Status - Text of Legislation - Draft affirmative Laid: Tuesday 15th July - In Force: Not stated Found: Section 348(2) was amended by paragraph 18(2) of Schedule 12 to the Financial Services Act 2012 (c. 21
Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 These Regulations are made in connection with the revocation by section 1(1) of, and Part 3 of Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (“the Commission Delegated Regulation”). HM Treasury Parliamentary Status - Text of Legislation - Draft affirmative Laid: Thursday 3rd July - In Force: Not stated Found: 22(5) for the definition of “specified”. (3)Amended by paragraph 2(2) of Schedule 8 to the Financial Services Act
Sanctions (EU Exit) (Treasury Debt) Regulations 2025 These Regulations are made under the Sanctions and Anti Money Laundering Act 2018. They make amendments to a number of sanctions regulations. Foreign, Commonwealth & Development Office Parliamentary Status - Text of Legislation - Made negative Laid: Thursday 19th June - In Force: 10 Jul 2025 Found: Part 4A was inserted by the Financial Services Act 2012 (c. 21), section 11(2). (5)2000 c. 8.

Parliamentary Research
Consumer credit - CBP-10328 Sep. 15 2025 Found: In 2012 Parliament passed the Financial Services Act 2012, giving the government powers to transfer

Bill Documents
Jul. 23 2025 HL Bill 129 (as amended on Report) Employment Rights Bill 2024-26 Bill Found: Schedule 10—Consequential amendments relating to Part 5 Part 2—Other consequential amendments Financial Services Act
Jun. 24 2025 HL Bill 113 (as amended in Committee) Employment Rights Bill 2024-26 Bill Found: Financial Services Act 2012 1583 In Schedule 18 to the Financial Services Act 2012, omit paragraph 36

Department Publications - Policy paper
Thursday 30th October 2025 HM Treasury Source Page: Meeting minutes – July 2025 Document: Meeting minutes – July 2025 (webpage) Found: Governor of the Bank of England are required, by the Bank of England Act 1998 (as amended by the Financial Services Act
Thursday 17th July 2025 HM Treasury Source Page: Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses Document: (PDF) Found: (For the year ended 31 March 2025) Presented to Parliament pursuant to section 87 of the Financial Services Act
Thursday 17th July 2025 HM Treasury Source Page: Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses Document: (PDF) Found: Regulation Authority July 2025 Presented to Parliament pursuant to section 87 of the Financial Services Act
Thursday 17th July 2025 HM Treasury Source Page: Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses Document: Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses (webpage) Found: Details These documents were presented to Parliament pursuant to section 87 of the Financial Services Act
Thursday 17th July 2025 HM Treasury Source Page: Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses Document: (PDF) Found: (for the year ended 31 March 2025) Presented to Parliament pursuant to section 87 of the Financial Services Act
Thursday 3rd July 2025 HM Treasury Source Page: Ancillary Activities Exemption – Draft Legislation Document: (PDF) Found: The heading of section 22 was amended by section 7 of the Financial Services Act 2012 (c. 21) (“the 2012

Department Publications - Statistics
Thursday 23rd October 2025 Ministry of Justice Source Page: Criminal Justice System statistics quarterly: June 2025 Document: (ODS) Found: Director etc. 5108 05108 - Knowingly or recklessly furnishing false or misleading information (Financial Services Act
Tuesday 21st October 2025 Department for Business and Trade Source Page: Regulator dashboard Document: FCA annual report (opens as a PDF) (PDF) Found: 15(3) of Schedule 1ZA of the Financial Services and Markets Act 2000 as amended by the Financial Services Act

Department Publications - Policy and Engagement
Tuesday 2nd September 2025 HM Treasury Source Page: Proposed amendments to the Money Laundering Regulations - draft SI and policy note Document: (PDF) Found: Regulators Complaints Commissioner in relation to the complaints scheme in Part 6 of the Financial Services Act
Monday 1st September 2025 HM Treasury Source Page: Memorandum of Understanding on financial crisis management Document: (PDF) Found: on financial crisis management Presented to Parliament pursuant to section 65(7) of the Financial Services Act
Monday 11th August 2025 HM Treasury Source Page: Policy statement: The Appointed Representatives Regime Document: (PDF) Found: It was first established by the Financial Services Act 1986 for investment services activity, before
Thursday 3rd July 2025 HM Treasury Source Page: FSCS Annual Report and Class Statements 2024/25 Document: (PDF) Found: Comptroller and Auditor General is the statutory auditor of FSCS, as required under the Financial Services Act

Department Publications - News and Communications
Wednesday 23rd July 2025 HM Treasury Source Page: NS&I Chair to step down Document: Framework Document (PDF) Found: arrangements with a public body for the provision … of services to the body’ (section 113 Financial Services Act

Department Publications - Transparency
Monday 21st July 2025 HM Treasury Source Page: HM Treasury annual report and accounts 2024 to 2025 Document: (PDF) Found: For HM Treasury, this revenue comprises: Fines The Financial Services Act 2012106 mandates that the
Thursday 10th July 2025 HM Treasury Source Page: Financial Conduct Authority (FCA) Annual Report and Accounts 2024/25 (for the year ended 31 March 2025) Document: (PDF) Found: 15(3) of Schedule 1ZA of the Financial Services and Markets Act 2000 as amended by the Financial Services Act
Thursday 10th July 2025 HM Treasury Source Page: Financial Conduct Authority (FCA) Annual Report and Accounts 2024/25 (for the year ended 31 March 2025) Document: Financial Conduct Authority (FCA) Annual Report and Accounts 2024/25 (for the year ended 31 March 2025) (webpage) Found: and 15(3) of Schedule 1ZA of the Financial Services and Markets Act 2000 as amended by the Financial Services Act
Wednesday 2nd July 2025 HM Treasury Source Page: Financial Ombudsman Service Annual Report 2024 to 2025 Document: (PDF) Found: 7A (3) of Schedule 17 of the Financial Services and Markets Act 2000, as amended by the Financial Services Act
Wednesday 2nd July 2025 HM Treasury Source Page: Financial Ombudsman Service Annual Report 2024 to 2025 Document: Financial Ombudsman Service Annual Report 2024 to 2025 (webpage) Found: paragraph 7A(3) of Schedule 17 of the Financial Services and Markets Act 2000, as inserted by the Financial Services Act
Thursday 26th June 2025 HM Treasury Source Page: Prudential Regulation Authority (PRA) Annual Report 2024/25 Document: (PDF) Found: paragraph 19(4) of schedule 1ZB of the Financial Services and Markets Act 2000 as amended by the Financial Services Act
Thursday 26th June 2025 HM Treasury Source Page: Prudential Regulation Authority (PRA) Annual Report 2024/25 Document: Prudential Regulation Authority (PRA) Annual Report 2024/25 (webpage) Found: paragraph 19(4) of schedule 1ZB of the Financial Services and Markets Act 2000 as amended by the Financial Services Act

Department Publications - Guidance
Tuesday 15th July 2025 HM Treasury Source Page: Banking Act 2009: special resolution regime code of practice (revised July 2025) Document: (PDF) Found: more detail in paragraphs 6.79 and 6.81 respectively. 21 4.5 Under Section 57A of the Financial Services Act

Non-Departmental Publications - Guidance and Regulation
Oct. 23 2025 Office of the Parliamentary Counsel Source Page: Common Legislative Solutions: a guide to tabling policy issues Document: (PDF) Guidance and Regulation Found: Banking Reform) Act 2013, s ection 68 (designated representative body to make complaints) • Financial Services Act

Non-Departmental Publications - News and Communications
Jul. 23 2025 NS&I Source Page: NS&I Chair to step down Document: Framework Document (PDF) News and Communications Found: arrangements with a public body for the provision … of services to the body’ (section 113 Financial Services Act
Jun. 17 2025 Upper Tribunal (Tax and Chancery Chamber) Source Page: CRAIG FRANCIS DONALDSON and DAVID THOMAS ARDEN v The Financial Conduct Authority [2025] UKUT 00185 (TCC) Document: Craig Francis Donaldson and David Thomas Arden v The Financial Conduct Authority (PDF) News and Communications Found: Scandex had contravened s 3 of the Financial Services Act 1986 (“FSA 1986”), which provided that:

Non-Departmental Publications - News and Communications

Jul. 23 2025
NS&I

Source Page: NS&I Chair to step down
Document: Framework Document (PDF)
News and Communications

Found: arrangements with a public body for the provision … of services to the body’ (section 113 Financial Services Act

Jun. 17 2025
Upper Tribunal (Tax and Chancery Chamber)

Source Page: CRAIG FRANCIS DONALDSON and DAVID THOMAS ARDEN v The Financial Conduct Authority [2025] UKUT 00185 (TCC)
Document: Craig Francis Donaldson and David Thomas Arden v The Financial Conduct Authority (PDF)
News and Communications

Found: Scandex had contravened s 3 of the Financial Services Act 1986 (“FSA 1986”), which provided that:

Draft Secondary Legislation
The Heat Networks (Market Framework) (Great Britain) (Amendment) Regulations 2025 These Regulations amend the Heat Networks (Market Framework) Regulations 2025 (the “2025 Regulations”). The 2025 Regulations provide for persons carrying on a “regulated activity” in relation to heat networks to be required to hold a “heat network authorisation” conferred by the Gas and Electricity Markets Authority (“Ofgem”). Those with heat network authorisations are referred to as “authorised persons”. The amendments provide for the following: Department for Energy Security & Net Zero Found: 948 and 2009/1941, section 101 of the Energy Act 2011, paragraph 101 of Schedule 18 to the Financial Services Act
The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025 This Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) so that the provision of Environmental, Social or Governance (“ESG”) ratings becomes a regulated activity within the meaning of the Financial Services and Markets Act 2000 (c. 8). HM Treasury Found: Paragraph 25 of Schedule 2 was amended by section 8 of the Financial Services Act 2012 (c. 21) and section
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025 These Regulations amend the Pension Schemes Act 2021 (c. 1) (“the 2021 Act”) in order to remove the exclusion of pension schemes used, or intended to be used, by two or more employers some or all of which are not connected with each other (“unconnected multiple employer schemes”) from the definition of “qualifying scheme”. This enables such schemes to be “collective money purchase schemes” for the purposes of Part 1 of the 2021 Act, which extends to England and Wales and Scotland. The Regulations also make further provision about such schemes - such as the detail of the authorisation and supervisory regime to which such schemes will be subject, amend the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulation 2022 (S.I. 2022/255) (“the 2022 Regulations”) and make provision for amendments to legislation in relation to schemes providing collective money purchase benefits. Department for Work and Pensions Found: was inserted by S.I. 2001/3649 and amended by paragraph 82(1) and (2) of Schedule 18 to the Financial Services Act
The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 These Regulations implement provisions in the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services done at Berne on 21st December 2023(52) (“the Agreement”). HM Treasury Found: 2012 (c. 21). (11)Substituted by section 24(1) of the Financial Services Act 2012. (12)Amended by
The Financial Services (Overseas Recognition Regime Designations) Regulations 2025 These Regulations make supplementary provision in relation to the Treasury’s powers under other legislation to designate the law and practice of another country or territory as equivalent to that of the United Kingdom in relation to an area of financial services and markets law and practice or where it is exercising powers specified in the Schedule to the Regulations. These Regulations restate with modifications the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 (S.I. 2019/541), which are revoked by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29). HM Treasury Found: Section 348(2) was amended by paragraph 18(2) of Schedule 12 to the Financial Services Act 2012 (c. 21
The Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 These Regulations are made in connection with the revocation by section 1(1) of, and Part 3 of Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (“the Commission Delegated Regulation”). HM Treasury Found: 22(5) for the definition of “specified”. (3)Amended by paragraph 2(2) of Schedule 8 to the Financial Services Act