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

"It is a pleasure to see you in the Chair this morning, Dame Maria.

As Members know, the SNP group came close to voting against the Bill on Second Reading. In fact, we tabled a reasoned amendment, primarily because of our concern about how the clause intends to take matters …..."

Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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 there is such an urgent need for speed, why has it taken so long for the Bill to be brought before the House?..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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 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 comfortably in a financial services Bill under the Treasury, because the Treasury is not usually responsible for the …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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 beg to move amendment 36, in clause 8, page 10, leave out lines 22 to 27.

This amendment would remove the Treasury’s proposed power to make regulations which modify legislation of the Welsh Senedd, Scottish Parliament or Northern Ireland Assembly for purposes connected with the regulation of designated activities...."

Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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)

"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 Assembly. Those who claim to respect the devolution settlement cannot do so with any credibility if they continue to give power to …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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 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 fundamental principle of the devolved settlement that the Conservative party insists that it wants to protect that …..."

Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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)

"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 that are clearly beyond their powers, and there is a clear example of that happening at the moment, but …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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)

"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 Governments, so I will not press it.

Question proposed, That the clause, as amended, stand part of …..."

Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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)

"Can the Minister give us an indication of whether there are existing institutions that he believes would be regarded as CCPs that are systemically important to this country? Apart from the obvious factor of the amount of business that a body does with the UK, what other factors will be …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) 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)

"Again, I fully understand the intention behind these clauses and I am not minded to move against them, but I am a bit concerned by some of the interplay between the clauses. I asked the Minister what factors he thought might be taken into account in determining that a CCP …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Financial Services and Markets Bill (Fourth sitting)