My Lords, I support Amendment 56 from the noble and gallant Lord, Lord Craig of Radley, which would waive fees for indefinite leave to remain applications for spouses and immediate family members of serving personnel and veterans. I have tabled Amendment 66, which seeks to achieve the same outcome through...

My Lords, I support Amendment 56 from the noble and gallant Lord, Lord Craig of Radley, which would waive fees for indefinite leave to remain applications for spouses and immediate family members of serving personnel and veterans. I have tabled Amendment 66, which seeks to achieve the same outcome through...

My Lords, I will speak very briefly to Amendment 140 on transition plans and Amendment 172 on forest risk commodities, to which I have added my name. On transition plans, I do not think it is really an interest to declare, but a reason I signed that amendment is that...

My Lords, I will speak very briefly to Amendment 140 on transition plans and Amendment 172 on forest risk commodities, to which I have added my name. On transition plans, I do not think it is really an interest to declare, but a reason I signed that amendment is that...

Lords motion to approve. Amendment to regret agreed to on division (175 to 159). Original motion, as amended, agreed to.

Lords motion to approve. Amendment to regret agreed to on division (175 to 159). Original motion, as amended, agreed to.

My Lords, the Government are committed to strengthening the integrity of elections so that our democracy remains secure, modern, transparent and fair. The statement we are debating today sets out the Government’s priorities when it comes to these important areas and the Electoral Commission’s role in enabling the Government to...

My Lords, the Government are committed to strengthening the integrity of elections so that our democracy remains secure, modern, transparent and fair. The statement we are debating today sets out the Government’s priorities when it comes to these important areas and the Electoral Commission’s role in enabling the Government to...

My Lords, I thank all noble Lords for their thoughtful consideration and input today. I will seek to address some of the points made by noble Lords, although I may not be as wide-ranging in my responses as noble Lords were in their contributions.

I agree with both noble Lords, Lord...

My Lords, I thank all noble Lords for their thoughtful consideration and input today. I will seek to address some of the points made by noble Lords, although I may not be as wide-ranging in my responses as noble Lords were in their contributions.

I agree with both noble Lords, Lord...

To ask His Majesty's Government whether they have scrutinised the published accounts for Teesworks Ltd. in 2022–23; and what assessment they have made of the price at which the 90 acres of land were sold to Teesworks Ltd.

To ask His Majesty's Government whether they have scrutinised the published accounts for Teesworks Ltd. in 2022–23; and what assessment they have made of the price at which the 90 acres of land were sold to Teesworks Ltd.

Moved by

Baroness Penn

23: Clause 35, page 49, line 40, at end insert—

“(ic) how it has complied with the statement of policy on panel appointments prepared under section 1RA in relation to the process for making appointments and the matters considered in determining who is appointed, and”

Member’s explanatory statement

This amendment would...

Moved by

Baroness Penn

23: Clause 35, page 49, line 40, at end insert—

“(ic) how it has complied with the statement of policy on panel appointments prepared under section 1RA in relation to the process for making appointments and the matters considered in determining who is appointed, and”

Member’s explanatory statement

This amendment would...

My Lords, I will speak to all the government amendments in this group, which are part of a package of changes that the Government have brought forward to support scrutiny and accountability of the financial services regulators.

This group of amendments focuses on supporting that work through independent analysis and scrutiny....

My Lords, I will speak to all the government amendments in this group, which are part of a package of changes that the Government have brought forward to support scrutiny and accountability of the financial services regulators.

This group of amendments focuses on supporting that work through independent analysis and scrutiny....

My Lords, let me respond briefly to the points raised in the debate. I take first the amendments from my noble friend Lord Bridges, well introduced by the noble Baroness, Lady Bowles: Amendments 64 to 66 and 68 to 71, which would establish an office for financial regulatory accountability. As...

My Lords, let me respond briefly to the points raised in the debate. I take first the amendments from my noble friend Lord Bridges, well introduced by the noble Baroness, Lady Bowles: Amendments 64 to 66 and 68 to 71, which would establish an office for financial regulatory accountability. As...

Moved by

Baroness Penn

24: Clause 35, page 50, line 6, at end insert—

“(za) after paragraph (ba) insert—

“(bb) how it has complied with the statement of policy on panel appointments prepared under section 2NA in relation to the process for making appointments and the matters considered in determining who is appointed,”

Member’s explanatory...

Moved by

Baroness Penn

24: Clause 35, page 50, line 6, at end insert—

“(za) after paragraph (ba) insert—

“(bb) how it has complied with the statement of policy on panel appointments prepared under section 2NA in relation to the process for making appointments and the matters considered in determining who is appointed,”

Member’s explanatory...

My Lords, the amendments in this group focus on further formalising the role of parliamentary scrutiny of the regulators. The Government agree with noble Lords that effective parliamentary scrutiny, in particular through parliamentary committees, has a critical role to play in improving the quality of regulation, as the noble Baroness,...

My Lords, the amendments in this group focus on further formalising the role of parliamentary scrutiny of the regulators. The Government agree with noble Lords that effective parliamentary scrutiny, in particular through parliamentary committees, has a critical role to play in improving the quality of regulation, as the noble Baroness,...

Moved by

Baroness Penn

26: Clause 36, page 50, line 30, leave out “the Treasury Committee of the House of Commons” and insert “each relevant Parliamentary Committee”

Member’s explanatory statement

This amendment, together with the amendment at page 50, line 43, would extend the duties of the FCA to notify the Treasury Committee of...

Moved by

Baroness Penn

26: Clause 36, page 50, line 30, leave out “the Treasury Committee of the House of Commons” and insert “each relevant Parliamentary Committee”

Member’s explanatory statement

This amendment, together with the amendment at page 50, line 43, would extend the duties of the FCA to notify the Treasury Committee of...

Moved by

Baroness Penn

30: Clause 36, page 50, line 43, at end insert—

“(5A) References in this paragraph to the relevant Parliamentary Committees are references to—

(a) the Treasury Committee of the House of Commons,

(b) the Committee of the House of Lords which—

(i) is charged with responsibility by that House for the purposes...

Moved by

Baroness Penn

30: Clause 36, page 50, line 43, at end insert—

“(5A) References in this paragraph to the relevant Parliamentary Committees are references to—

(a) the Treasury Committee of the House of Commons,

(b) the Committee of the House of Lords which—

(i) is charged with responsibility by that House for the purposes...

Moved by

Baroness Penn

33: Clause 36, page 51, line 42, leave out “the Treasury Committee of the House of Commons” and insert “each relevant Parliamentary Committee”

Member’s explanatory statement

This amendment, together with the amendment at page 52, line 11, would extend the duties of the PRA to notify the Treasury Committee of...

Moved by

Baroness Penn

33: Clause 36, page 51, line 42, leave out “the Treasury Committee of the House of Commons” and insert “each relevant Parliamentary Committee”

Member’s explanatory statement

This amendment, together with the amendment at page 52, line 11, would extend the duties of the PRA to notify the Treasury Committee of...

Moved by

Baroness Penn

37: Clause 36, page 52, line 11, at end insert—

“(5A) References in this paragraph to the relevant Parliamentary Committees are references to—

(a) the Treasury Committee of the House of Commons,

(b) the Committee of the House of Lords which—

(i) is charged with responsibility by that House for the purposes...

Moved by

Baroness Penn

37: Clause 36, page 52, line 11, at end insert—

“(5A) References in this paragraph to the relevant Parliamentary Committees are references to—

(a) the Treasury Committee of the House of Commons,

(b) the Committee of the House of Lords which—

(i) is charged with responsibility by that House for the purposes...

Moved by

Baroness Penn

43: Clause 41, page 57, line 29, at end insert—

“(7A) The FCA must appoint to the FCA Cost Benefit Analysis Panel at least two individuals who are employed by persons authorised for the purposes of this Act by the FCA, with each one being employed by a different...

Moved by

Baroness Penn

43: Clause 41, page 57, line 29, at end insert—

“(7A) The FCA must appoint to the FCA Cost Benefit Analysis Panel at least two individuals who are employed by persons authorised for the purposes of this Act by the FCA, with each one being employed by a different...

Moved by

Baroness Penn

46: Clause 41, page 58, line 22, at end insert—

“(7A) The PRA must appoint to the PRA Cost Benefit Analysis Panel at least two individuals who are employed by PRA-authorised persons, with each one being employed by a different person.”

Member’s explanatory statement

This amendment would impose a duty on...

Moved by

Baroness Penn

46: Clause 41, page 58, line 22, at end insert—

“(7A) The PRA must appoint to the PRA Cost Benefit Analysis Panel at least two individuals who are employed by PRA-authorised persons, with each one being employed by a different person.”

Member’s explanatory statement

This amendment would impose a duty on...

Moved by

Baroness Penn

49: Clause 41, page 58, line 31, leave out “paragraph 10(1)” insert “paragraphs 10(1) and 10A”

Member’s explanatory statement

This amendment ensures that the PRA Cost Benefit Analysis Panel (established under Clause 41) will be required to provide advice in relation to cost benefit analyses prepared for the purposes of...

Moved by

Baroness Penn

49: Clause 41, page 58, line 31, leave out “paragraph 10(1)” insert “paragraphs 10(1) and 10A”

Member’s explanatory statement

This amendment ensures that the PRA Cost Benefit Analysis Panel (established under Clause 41) will be required to provide advice in relation to cost benefit analyses prepared for the purposes of...

Moved by

Baroness Penn

50: After Clause 44, insert the following new Clause—

“Panel reports

(1) The Treasury may by regulations require specified statutory panels of the regulator to produce an annual report on their work and provide that report to the Treasury.

(2) Regulations under subsection (1) may make provision about the content of...

Moved by

Baroness Penn

50: After Clause 44, insert the following new Clause—

“Panel reports

(1) The Treasury may by regulations require specified statutory panels of the regulator to produce an annual report on their work and provide that report to the Treasury.

(2) Regulations under subsection (1) may make provision about the content of...

Moved by

Baroness Penn

52: Clause 46, page 67, line 14, at end insert—

“(1A) The statement must provide information about—

(a) how representations (including by a statutory panel) can be made to the Bank with respect to its review of rules under section 300I, and

(b) the arrangements to ensure that those representations are...

Moved by

Baroness Penn

52: Clause 46, page 67, line 14, at end insert—

“(1A) The statement must provide information about—

(a) how representations (including by a statutory panel) can be made to the Bank with respect to its review of rules under section 300I, and

(b) the arrangements to ensure that those representations are...