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Financial Services and Markets Bill [HL]
Financial Services and Markets Bill [HL] has a latest completed stage recorded as 3rd reading on 15 Sep 2026 in the House of Lords.
Current position
- Latest completed stage
- 3rd reading15 Sep 2026
- Current stage
- 3rd reading
- House
- House of Lords
- Bill type
- Government Bill
- Last updated
- 14 Sep 2026
- Proposer / sponsor
- Lord Stockwood Proposer / sponsor · Labour · House of Lords
Parliamentary Calendar
Next scheduled stage
· House of Lords
Future parliamentary business can change at short notice.
View in Parliamentary CalendarWhat this bill is about
The Financial Services and Markets Bill [HL] would make changes to how parts of the UK’s financial services and markets are regulated. It is aimed at reforming areas of financial regulation, including the Financial Ombudsman Service, the Payment Systems Regulator, and authorisation arrangements referred to as “provisional licences”. The bill would also make reforms to the bank ring-fencing regime and related regulatory rules, and would reform aspects of the consumer credit regulatory framework and banking access arrangements.
What it would do
- Reform the Financial Ombudsman Service, including aligning aspects of its decisions with Financial Conduct Authority (FCA) rules.
- Abolish the Payment Systems Regulator and transfer its functions to the FCA.
- Introduce a “provisional licences” authorisation scheme for financial activities.
- Make reforms to the UK bank ring-fencing regime and other financial regulatory rules, including consumer credit regulation and banking access-related matters.
Bill journey
Matched Commons vote groups are shown inside the relevant stage where the stored dates allow a match.
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1st reading 19 May 2026 · House of Lords
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2nd reading 8 Jun 2026 · House of Lords
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Committee stage 8 Jul 2026 · House of Lords
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Report stage 9 Sep 2026 · House of Lords
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3rd reading 15 Sep 2026 · House of Lords
Related daily summaries
Published daily summaries where this bill appears in the day’s parliamentary or government business.