Financial Services and Markets Bill

– in the House of Commons at 5:55 pm on 26 June 2023.

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Consideration of Lords amendments.

Photo of Eleanor Laing Eleanor Laing Deputy Speaker and Chairman of Ways and Means, Chair, Parliamentary Works Estimates Commission, Chair, Standing Orders Committee (Commons)

I must draw the House’s attention to the fact that financial privilege is engaged by Lords Amendment 35. If Lords amendment 35 is agreed to, I will cause the customary entry waiving Commons financial privilege to be entered in the Journal.

amendment

As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.

Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.

In the end only a handful of amendments will be incorporated into any bill.

The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.