Draft Financial Services (Overseas Recognition Regime Designations) Regulations 2025 Debate

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Department: HM Treasury

Mark Garnier

Main Page: Mark Garnier (Conservative - Wyre Forest)

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Draft Financial Services (Overseas Recognition Regime Designations) Regulations 2025

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Draft Control of Mercury (Enforcement) (Amendment) Regulations 2025
Wednesday 22nd October 2025

(1 day, 20 hours ago)

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Mark Garnier Portrait Mark Garnier (Wyre Forest) (Con)
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We welcome the general thrust of the regulations, which are all about the internationalisation of our financial services market, continuing our moving on from a post-Brexit Britain. I was not a fan of Brexit, but we are where we are. It is incredibly important that our financial services centre remains internationally competitive, and the regulations support that. I will not detain the Committee any longer—I can see smiles on Government Members’ faces. [Laughter.] Let us hope the Liberal Democrats continue in that spirit.

Question put and agreed to.

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