---

Financial Services and Markets Bill [HL]

Moved by

Baroness Hoey

16: After Clause 12, insert the following new Clause—

“Claims management services: Northern Ireland

(1) The Treasury may by regulations made by statutory instrument make provision for claims management services provided in, from or into Northern Ireland to be regulated under the Financial Services and Markets Act 2000 on a basis equivalent to claims management services provided in, from or into Great Britain.

(2) Regulations under this section may amend primary legislation, assimilated direct principal EU legislation or subordinate legislation, including—

(a) the Financial Services and Markets Act 2000,

(b) the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, and

(c) Part 2 of the Financial Guidance and Claims Act 2018.

(3) Regulations under this section may make consequential, supplementary, incidental, transitional, transitory or saving provision.

(4) Before making regulations under this section, the Treasury must consult—

(a) the Financial Conduct Authority,

(b) the scheme operator of the ombudsman scheme under Part 16 of the Financial Services and Markets Act 2000,

(c) the Department of Finance in Northern Ireland, and

(d) such other persons as the Treasury considers appropriate.

(5) A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.

(6) In this section, “claims management services” has the meaning given by section 419A of the Financial Services and Markets Act 2000.”