Lords Grand Committee

22 juin 2026

The Chair opens the Grand Committee and the Minister sets out clause 1 as the mechanism for moving Consumer Credit Act provisions into FCA rules, triggering a first round of constitutional and consumer‑protection scrutiny over loss of statutory rights, the role of the courts and post‑Brexit regulator‑led rulemaking. Peers and the Minister then engage in detailed exchanges on the CCA–FCA shift, safeguards, retained rights and transition before the first amendment is withdrawn.

Lords Grand Committee

15:26 - 15:31

Intervenant 1

The Grand Committee on the Financial Services and Markets Bill.

15:31 - 16:27

Intervenant 2

My Lords, before we start the debate on the first group, I remind the committee of the rules on declaring interests. Noble Lords should declare any relevant financial interest the first time they speak at each stage of a bill. This means that in committee, relevant financial interests should be declared during the first group on which a noble Lord speaks. Thereafter, the declaration does not need to be repeated on debates on later groups at this stage. Declarations should be specific and brief.

Members should briefly indicate the nature of their financial interest and not simply refer to their entry in the register of lords' interests. And secondly, I also want to remind noble lords of guidance in the companion at paragraph 8.82 that when withdrawing amendments, noble lords should be brief and need not respond to all the points made during the debate.

16:27 - 16:31

Intervenant 4

Clause 1, amendment 1, Baroness Neville-Rolfe.

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