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Financial Services and Markets Bill

Government Bill

Originated in the House of Commons, Session 2022-23

Bill (5)

Full text of the Bill as introduced and further versions of the Bill as it is reprinted to incorporate amendments (proposals for change) made during its passage through Parliament.

HL Bill 80 (as brought from the Commons)
8 December 2022
Lords
Bill 181 2022-23 (as amended in Public Bill Committee)
4 November 2022
Commons
Bill 181 2022-23 (as amended in Public Bill Committee) - large print
4 November 2022
Commons
Bill 146 2022-23 (as introduced)
20 July 2022
Commons
Bill 146 2022-23 (as introduced) - large print
20 July 2022
Commons

Documents to explain the purpose of the Bill.

8 December 2022
Lords
Bill 146 EN 2022-23
20 July 2022
Commons
Bill 146 EN 2022-23 - large print
20 July 2022
Commons

The Government provide a delegated powers memorandum for all public (including hybrid) bills to justify the delegation of powers, usually to Ministers, in the bill. For reports of the Delegated Powers and Regulatory Reform Committee, see “Select Committee Reports”.

Financial Services and Markets Bill: Delegated Powers Memorandum
8 December 2022
Lords
Memorandum from Her Majesty’s Treasury to the Delegated Powers and Regulatory Reform Committee
20 July 2022
Commons

Full list of amendment papers relating to the Bill. Individual amendment papers will be replaced with consolidated lists before the amendments are discussed. Page and line references in amendment papers refer to the PDF version of the Bill.

HL Bill 80-III Third marshalled list for Grand Committee
30 January 2023
Lords
HL Bill 80-II(a) Amendments for Grand Committee (Supplementary to the Second Marshalled List)
27 January 2023
Lords
HL Bill 80-II Second marshalled list for Grand Committee
26 January 2023
Lords
HL Bill 80-I(a) Amendments for Grand Committee (Supplementary to the Marshalled List)
24 January 2023
Lords
HL Bill 80-I Marshalled list for Grand Committee
23 January 2023
Lords
HL Bill 80(h) Amendments for Grand Committee
20 January 2023
Lords
HL Bill 80(g) Amendments for Grand Committee
19 January 2023
Lords
HL Bill 80(f) Amendments for Grand Committee
18 January 2023
Lords
HL Bill 80(e) Amendments for Grand Committee
17 January 2023
Lords
HL Bill 80(d) Amendments for Grand Committee
16 January 2023
Lords
HL Bill 80(c) Amendments for Grand Committee
13 January 2023
Lords
HL Bill 80(b) Amendments for Grand Committee
12 January 2023
Lords
HL Bill 80(a) Amendments for Grand Committee
11 January 2023
Lords
Consideration of Bill Amendments as at 7 December 2022
7 December 2022
Commons
Consideration of Bill Amendments as at 7 December 2022 - large print
7 December 2022
Commons
Consideration of Bill Amendments as at 7 December 2022 - Clarification of Schedule 2 (Transitional amendments): Large print edition
7 December 2022
Commons
Notices of Amendments as at 6 December 2022
6 December 2022
Commons
Notices of Amendments as at 5 December 2022
5 December 2022
Commons
Notices of Amendments as at 2 December 2022
2 December 2022
Commons
Notices of Amendments as at 1 December 2022
1 December 2022
Commons
Notices of Amendments as at 30 November 2022
30 November 2022
Commons
Notices of Amendments as at 29 November 2022
29 November 2022
Commons
Notices of Amendments as at 28 November 2022
28 November 2022
Commons
Notices of Amendments as at 24 November 2022
24 November 2022
Commons
Notices of Amendments as at 23 November 2022
23 November 2022
Commons
Notices of Amendments as at 16 November 2022
16 November 2022
Commons
Notices of Amendments as at 10 November 2022
10 November 2022
Commons
Notices of Amendments as at 7 November 2022
7 November 2022
Commons
Public Bill Committee Amendments as at 3 November 2022
3 November 2022
Commons
Notices of Amendments as at 2 November 2022
2 November 2022
Commons
Public Bill Committee Amendments as at 1 November 2022
1 November 2022
Commons
Notices of Amendments as at 31 October 2022
31 October 2022
Commons
Notices of Amendments as at 28 October 2022
28 October 2022
Commons
Public Bill Committee Amendments as at 27 October 2022
27 October 2022
Commons
Notices of Amendments as at 26 October 2022
26 October 2022
Commons
Public Bill Committee Amendments as at 25 October 2022
25 October 2022
Commons
Notices of Amendments as at 21 October 2022
21 October 2022
Commons
Notices of Amendments as at 20 October 2022
20 October 2022
Commons
Public Bill Committee Amendments as at 19 October 2022
19 October 2022
Commons
Notices of Amendments as at 18 October 2022
18 October 2022
Commons
Notices of Amendments as at 14 October 2022
14 October 2022
Commons
Notices of Amendments as at 10 October 2022
10 October 2022
Commons
Notices of Amendments as at 23 September 2022
23 September 2022
Commons
Notices of Amendments as at 9 September 2022
9 September 2022
Commons

In the House of Commons, amendments are grouped together so that amendments relating to a particular topic or issue are discussed together.

Speaker's provisional grouping and selection of Amendments - 7 December 2022
7 December 2022
Commons
Chair’s provisional selection and grouping of amendments in Committee - 3 November 2022
2 November 2022
Commons
Chair’s provisional selection and grouping of amendments in Committee - 27 October 2022
26 October 2022
Commons
Chair’s provisional selection and grouping of amendments in Committee - 25 October 2022
24 October 2022
Commons

Details of proceedings in Public Bill Committee or Committee of the whole House, on any report (consideration) stage, and on any consideration of Lords Amendments or any subsequent Lords Messages. The documents contain the text of amendments considered at each sitting and show whether it was agreed to, negatived (not agreed), not called, not moved or withdrawn.

Report Stage Proceedings as at 7 December 2022
7 December 2022
Commons
All proceedings up to 3 November 2022 at Public Bill Committee Stage
3 November 2022
Commons

House of Commons Library and House of Lords Library briefing papers aim to be politically impartial, containing factual information as well as a range of opinions on each subject. Briefing papers on Bills are produced before Second Reading and, in the Commons, after Committee Stage.

Financial Services and Markets Bill: HL Bill 80
16 December 2022
Lords
Finance Bill 2022-23
8 December 2022
Lords
Briefing Paper on the Bill
30 November 2022
Commons

The following select committee reports have been identified as relevant to the debate on the Bill.

23rd Report of the Delegated Powers and Regulatory Reform Committee
18 January 2023
Lords

Archive of press notices related to the Bill.

Call for written evidence: Financial Services and Markets Bill
8 September 2022
Commons

The Government human rights memorandum is prepared by the Government to assist the Joint Committee on Human Rights with its scrutiny of the Bill’s human rights implications.

European Convention on Human Rights Memorandum for the Bill as brought from the House of Commons
8 December 2022
European Convention on Human Rights Memorandum from HM Treasury
20 July 2022
Commons

Written submissions from outside bodies and individuals are circulated to MPs appointed to examine the Bill during committee stage in a Public Bill Committee. The following written submissions were sent to this committee.

Written evidence submitted by Santander UK (FSMB52)
4 November 2022
Commons
Written evidence submitted by the Institute and Faculty of Actuaries (FSMB53)
4 November 2022
Commons
Written evidence submitted by the Coalition for a Digital Economy (Coadec) (FSMB54)
4 November 2022
Commons
Written evidence submitted by City of London Corporation (FSMB45)
2 November 2022
Commons
Written evidence submitted by Sheldon Mills, Executive Director, Consumers and Competition, Financial Conduct Authority (supplementary submission) (FSMB46)
2 November 2022
Commons
Written evidence submitted by Pension Insurance Corporation (PIC) (FSMB47)
2 November 2022
Commons
Written evidence submitted by Global Witness (FSMB48)
2 November 2022
Commons
Written evidence submitted by Chartered Insurance Institute (FSMB49)
2 November 2022
Commons
Written evidence submitted by Personal Finance Society (FSMB50)
2 November 2022
Commons
Written evidence submitted by Lloyd's Market Association (FSMB51)
2 November 2022
Commons
Written evidence submitted by UK Finance (FSMB43)
28 October 2022
Commons
Written evidence submitted by Financial Services Consumer Panel (FSMB44)
28 October 2022
Commons
Written evidence submitted by Mark Versey, CEO Aviva Investors, Claire Hawkins, Director of Corporate Affairs, Phoenix, Emma Wall, Head of Investment Analysis, Hargreaves Lansdown, Bruce Duguid, Head of Stewardship, Equity Ownership Services, Federated Hermes, Gemma Corrigan, Head of Policy and ESG Integration, Federated Hermes Limited, Romi Savova, CEO PensionBee, Laura Chappell, CEO Brunel Pension Partnership, Mike Williams Holiday, CEO Aegon UK, Alex Perry, CEO, BUPA Insurance, Paul Bucksey, CIO Smart Pension, Ben Pollard, CEO Cushon, Oliver Prill, CEO Tide, and Chris Martin, Chair Pace (Coop Pension Scheme) (joint submission) (FSMB32)
26 October 2022
Commons
Written evidence submitted by Open Finance Association (OFA) (FSMB33)
26 October 2022
Commons
Written evidence submitted by Euroclear Group (FSMB34)
26 October 2022
Commons
Written evidence submitted by Aviva (FSMB35)
26 October 2022
Commons
Written evidence submitted by Building Societies Association (BSA) (FSMB36)
26 October 2022
Commons
Written evidence submitted by NCR (FSMB37)
26 October 2022
Commons
Written evidence submitted by Electronic Money Association (FSMB38)
26 October 2022
Commons
Written evidence submitted by London Metal Exchange Group (LMEG) (FSMB39)
26 October 2022
Commons
Written evidence submitted by The Investment Association (FSMB40)
26 October 2022
Commons
Written evidence submitted by Insurtech UK (FSMB41)
26 October 2022
Commons
Written evidence submitted by TheCityUK (FSMB42)
26 October 2022
Commons
Written evidence submitted by Hargreaves Lansdown (FSMB01)
20 October 2022
Commons
Written evidence submitted by LINK Scheme Ltd (FSMB02)
20 October 2022
Commons
Written evidence submitted by NoteMachine (FSMB03)
20 October 2022
Commons
Written evidence submitted by Finance Innovation Lab (FSMB04)
20 October 2022
Commons
Written evidence submitted by The Investment & Saving Alliance (TISA) (FSMB05)
20 October 2022
Commons
Written evidence submitted by UK Cash Supply Alliance (UKCSA) (FSMB06)
20 October 2022
Commons
Written evidence submitted by Cash 2.0 Working Group (FSMB07)
20 October 2022
Commons
Written evidence submitted by Legal & General (FSMB08)
20 October 2022
Commons
Written evidence submitted by Financial Inclusion Commission (FSMB09)
20 October 2022
Commons
Written evidence submitted by London and International Insurance Brokers' Association (LIIBA) (FSMB10)
20 October 2022
Commons
Written evidence submitted by Transparency Task Force (FSMB11)
20 October 2022
Commons
Written evidence submitted by FX Liquidation Committee (FSMB12)
20 October 2022
Commons
Written evidence submitted by Spotlight on Corruption (FSMB13)
20 October 2022
Commons
Written evidence submitted by OneBanx (FSMB14)
20 October 2022
Commons
Written evidence submitted by Nationwide Building Society (FSMB15)
20 October 2022
Commons
Written evidence submitted by Circle Internet Financial, LLC (FSMB16)
20 October 2022
Commons
Written evidence submitted by London Market Group (LMG) (FSMB17)
20 October 2022
Commons
Written evidence submitted by Global Justice Now (FSMB18)
20 October 2022
Commons
Written evidence submitted by WWF-UK (FSMB19)
20 October 2022
Commons
Written evidence submitted by Barclays (FSMB20)
20 October 2022
Commons
Written evidence submitted by Natalie Ceeney CBE, Chair, Cash Action Group (FSMB21)
20 October 2022
Commons
Written evidence submitted by Phoenix Group (FSMB22)
20 October 2022
Commons
Written evidence submitted by Association of British Insurers (ABI), British Insurance Brokers' Association (BIBA), and London Market Group (LMG) (joint submission) (FSMB23)
20 October 2022
Commons
Written evidence submitted by Innovate Finance (FSMB24)
20 October 2022
Commons
Written evidence submitted by All Party Parliamentary Group (APPG) on Mortgage Prisoners (FSMB25)
20 October 2022
Commons
Written evidence submitted by Mobile UK (FSMB26)
20 October 2022
Commons
Written evidence submitted by Association of British Insurers (ABI) (FSMB27)
20 October 2022
Commons
Written evidence submitted by Which? (FSMB28)
20 October 2022
Commons
Written evidence submitted by Positive Money (FSMB29)
20 October 2022
Commons
Written evidence submitted by British Insurance Brokers' Association (BIBA) (FSMB30)
20 October 2022
Commons
Written evidence submitted by Personal Investment Management & Financial Advice Association (PIMFA) (FSMB31)
20 October 2022
Commons

List of related Impact Assessments

Impact Assessment
8 December 2022

Occasionally questions put to government Ministers during debates on Bills in either the House of Commons or the House of Lords may be answered by the Minister saying 'I will write to the Hon Member'. Such “will write” replies are not published in Hansard but are placed in the Library of the House concerned and published on the Parliamentary website.

Letter from Andrew Griffith MP to all MPs regarding freedom of expression and the role of payment services providers, as raised during the Committee stage of the Bill.
5 December 2022
Letter from Andrew Griffith MP to all MPs regarding questions raised on the issue of protecting access to cash during the Second Reading and Committee stage of the Bill: legislation, industry initiatives, further engagement.
5 December 2022
Letter from Andrew Griffith MP to Peter Grant MP regarding whether the immunity provisions 312N would prevent a critical third party who complies with the legislation from being sued by an overseas party in court.
2 December 2022
Letter from Andrew Griffith MP to Tulip Siddiq MP regarding matters raised during the Committee stage: the Government approach to sustainable finance, implementation of the sustainable growth principle, wholesale cash distribution, credit union common bond and register of members, digital settlement assets and financial stability.
2 December 2022
Letter from Andrew Griffith MP to Emma Hardy MP regarding questions raised during the Committee stage: the Treasury’s reporting obligations to Parliament, the Financial Market Infrastructure (FMI) Sandbox, economic crime risk.
2 December 2022
Letter from Sheldon Mills, Executive Director of Consumers and Competition, Financial Conduct Authority (FCA), to Virendra Sharma MP regarding Pal’s decision to withdraw services from a number of accounts including one held by the Free Speech Union, as raised during the Committee stage of the Bill.
30 November 2022
Letter from Sean Byrne, CEO, PayPal Europe to Maria Miller MP and Virendra Sharma MP regarding the care needed to uphold freedom of speech in the enforcement of terms and conditions, as raised during the Committee stage of the Bill.
29 November 2022
Letter from Andrew Griffith MP to Damian Hinds MP regarding matters raised during the Second Reading what the government is doing to support the credit union sector and Community Development Finance Institutions (CFDIs)
10 October 2022
Letter from Andrew Griffith MP to Andrea Leadsom MP regarding matters raised during the Second Reading: how cryptoasset regulation interacts with fiat currency regulation, payment systems, cheques, financial education in schools, Credit unions.
10 October 2022
Letter from Andrew Griffith MP to Tulip Siddiq MP and Abena Oppong-Asare MP regarding matters raised during the Second Reading of the Bill: stablecoins, reducing illicit activity and misleading advertising and promotions of cryptoassets, regulating Buy Now Pay Later, Credit unions and mutual, "mortgage prisoners", reducing the poverty premium, food and energy prices.
10 October 2022

Full transcripts

Commons Committee stage

Committee Debates: compilation pdf of sittings so far
4 November 2022
Commons
3 November 2022
Commons
1 November 2022
Commons
1 November 2022
Commons
27 October 2022
Commons
27 October 2022
Commons
26 October 2022
Commons
25 October 2022
Commons
19 October 2022
Commons
19 October 2022
Commons

Link to the relevant section in the Commons Hansard Daily Report

Commons 2nd reading

2nd reading - Commons Hansard link
7 September 2022
Commons

Commons Money resolution

Money Resolution - Commons Hansard link
7 September 2022
Commons

Commons Ways and Means resolution

Ways and Means Motion - Commons Hansard link
7 September 2022
Commons

Commons Programme motion

Programme Motion - Commons Hansard link
7 September 2022
Commons

Commons Report stage

Report stage - Commons Hansard link
7 December 2022
Commons

Commons 3rd reading

3rd reading - Commons Hansard link
7 December 2022
Commons

Lords 1st reading

8 December 2022
Lords

Lords 2nd reading

10 January 2023
Lords

Lords Committee stage

30 January 2023
Lords
25 January 2023
Lords

Lords 1st reading

Minutes of Proceedings
8 December 2022
Lords

Lords 2nd reading

Minutes of Proceedings
10 January 2023
Lords

Lords Committee stage

Minutes of Proceedings
30 January 2023
Lords
Minutes of Proceedings
25 January 2023
Lords