Parliament has published a marshalled list of the latest amendments to the Financial Services Bill to be debated in the House of Lords. The proposed amendments include:
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a requirement for the FCA and PRA to give undertakings about liaising with Parliament about their activities and rule-making;
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a requirement on the FCA to introduce a cap on the Standard Variable Rates charged to mortgage prisoners and, under specified circumstances, ensure their access to fixed rate interest deals;
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the establishment of a regular reporting framework for systemic climate related financial risks - this aims to ensure that appropriate consideration is given to climate considerations in future consultations and policy development;
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the appointment of a senior manager within the FCA with responsibility for climate change;
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an amendment to the Payment Services Regulations 2017 (PSRs) which would require PSPs to offer an opt-in option for consumers to block, or access pre-agreed spending limits for, ga