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Speech in Public Bill Committees - Thu 27 Oct 2022
Financial Services and Markets Bill (Fifth sitting)

"It is positive news that the Minister has met his German counterparts. Could he give any indication of the progress made towards a memorandum of understanding, and of when we might see one with the EU?..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Fifth sitting)

Speech in Public Bill Committees - Thu 27 Oct 2022
Financial Services and Markets Bill (Fifth sitting)

"I have not tabled an amendment to the clause, but the Minister will be aware that on Second Reading there was a huge amount of support across the House for strengthening these proposals on net zero and nature. I hope we will see some movement on these issues as the …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Fifth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"Will the Minister give way?..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"The Minister is being generous, but as my hon. Friend the Member for Wallasey pointed out, we use Committee stage to scrutinise, question and ask for lots of detail that we would not ask for on the Floor of the House.

The Library briefing states that there is to be

…..."

Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"If I am correct, there was significant questioning of clause 3 and the powers during transition in the oral evidence sessions, particularly with Martin Taylor, who was the last person to give evidence. As the Minister may recall, he spoke about how this extra power that the Treasury will have …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"When will the details on those intervention powers be published so we can have a good look at them?..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Third sitting)

"I have a general question on the clause and the designated activities regime. In the consultation response document produced by the Treasury—“Financial Services Future Regulatory Framework Review: Proposals for Reform. Response to Consultation” to be precise—some consultation respondents were concerned about what activities would physically be regulated, what constraints were …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Third sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"I hope that when the Minister responds to the debate on the clause, he will cover proposed new section 71R of FSMA 2000 before reaching the point mentioned by the hon. Member for Glenrothes. Subsection (1) of the new section is a Henry VIII power that allows the Treasury to …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"I fear that the Minister did not fully address my point, which is that the clause contains Henry VIII powers. I do not think he clearly outlined exactly when those powers would be used. He has mentioned that there are similar powers in a different piece of legislation, but has …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)

Speech in Public Bill Committees - Tue 25 Oct 2022
Financial Services and Markets Bill (Fourth sitting)

"I refer the Minister back to a point I made about the DAR and the response to the consultation by His Majesty’s Treasury. Some of the respondents asked for clarity on exactly what activities would be regulated by the DAR. Can the Minister provide that in writing during today’s sitting, …..."
Emma Hardy - View Speech

View all Emma Hardy (Lab - Kingston upon Hull West and Haltemprice) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)