Financial Services (Implementation of Legislation) Bill [HL] - Committee (1st Day)

Part of the debate – in the House of Lords at 4:15 pm on 8th January 2019.

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Photo of Lord Rowlands Lord Rowlands Labour 4:15 pm, 8th January 2019

As a member of the Delegated Powers Committee, I specifically draw the Minister’s attention and the attention of the Committee to our paragraph 16, which states that:

“The power to make adjustments is a very broad one with no restrictions”.

We have very deep concerns about the powers proposed in the Bill. I hope, listening to the Minister, that he will address this issue and recognise that it is fundamentally important.