Tyrie: Financial Services Bill being rushed

Jenna Towler
clock

The Financial Services Bill is being "rushed" through Parliament without proper consideration being given to proposed changes, Andrew Tyrie has said.

The chairman of the Treasury Select Committee made the comments as amendments to the Bill, which will bring in legislation governing the two bodies set to replace the Financial Services Authority (FSA), were debated in the House of Commons. Tyrie said: "This is rushed. The House of Lords completed its consideration of the Bill only last Wednesday. Big changes have been made. "In areas where amendments have been tabled - such as requiring the Bank of England to commission retrospective reviews of its own performance and to publish records of court meetings - the Financial Services Bill ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

DB transfer adviser hit with provisional FCA ban and £742,700 fine

DB transfer adviser hit with provisional FCA ban and £742,700 fine

Daniel Thomas advised 53 clients, including four British Steel scheme members

Sophia Panayi
clock 03 September 2026 • 2 min read
Proving good customer outcomes still a challenge for financial planners

Proving good customer outcomes still a challenge for financial planners

Firms face practical challenges in Consumer Duty board reporting

Sophia Panayi
clock 03 September 2026 • 2 min read
'Watershed moment' as FCA's non-financial misconduct rules come into force

'Watershed moment' as FCA's non-financial misconduct rules come into force

Enforcement ‘not a question of if, but when’

Michael Nelson
clock 02 September 2026 • 2 min read