Part of Financial Services and Markets Bill – in a Public Bill Committee at 2:45 pm on 3 November 2022.
Martin Docherty
Shadow SNP Spokesperson (Industries of the Future and Blockchain Technologies), Shadow SNP Spokesperson (Foreign Affairs Team Member), Shadow SNP Spokesperson (Defence Team Member), Shadow SNP Spokesperson (PPS to the Westminster Leader)
2:45,
3 November 2022
I have heard what other Members have said, and I am glad that there is perhaps consensus about the principle. The state has to be accountable. The FCA is part of the state’s regulatory framework; its actions need to be able to be held to account, and not just by Parliament. There needs to be a discussion about how individual citizens—our constituents—have been damaged financially and personally by failures to act. That needs to be better understood.
At the moment, I am happy to withdraw new Clause 16, but we may consider it at a later stage in the Bill. I beg to ask leave to withdraw the motion.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
