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Bills · In the Commons

Financial Services and Markets

The other House is now going through the same steps. If it makes changes, both Houses must agree the final wording.

In plain words

This bill would change how financial services are regulated. It would reform the Financial Ombudsman Service and scrap the Payment Systems Regulator, moving its work to the Financial Conduct Authority.

Summary drafted by AI, checked by Jonathan on 4 Oct 2026. Source: Parliament Library briefing.

Official title: Financial Services and Markets Bill [HL]

  1. 1Introduced1st reading
  2. 2Main debate2nd reading
  3. 3Detailed checksCommittee
  4. 4ChangesReport stage
  5. 5Final vote3rd reading
  6. 6Other houseLords or Commons
  7. 7Becomes lawRoyal Assent

Nothing has been scheduled yet.

Put forward by Lord Stockwood, John Healey.

Votes so far

No Commons votes on this bill in the last 12 months.

Votes in the Lords

DateVoteCountResult
15 Sep 2026Lords vote 1258 content, 109 not contentAgreed
9 Sep 2026Lords vote 5188 content, 125 not contentAgreed
9 Sep 2026Lords vote 4196 content, 138 not contentAgreed
9 Sep 2026Lords vote 3194 content, 138 not contentAgreed
9 Sep 2026Lords vote 2226 content, 162 not contentAgreed
9 Sep 2026Lords vote 1248 content, 163 not contentAgreed
7 Sep 2026Lords vote 526 content, 119 not contentRejected
7 Sep 2026Lords vote 459 content, 144 not contentRejected
7 Sep 2026Lords vote 369 content, 171 not contentRejected
7 Sep 2026Lords vote 2246 content, 165 not contentAgreed
Full timeline
DateStageHouse
19 May 20261st readingLords
8 Jun 20262nd readingLords
22 Jun 2026, 24 Jun 2026, 29 Jun 2026Committee stageLords
7 Sep 2026, 9 Sep 2026Report stageLords
15 Sep 20263rd readingLords
15 Sep 20261st readingCommons

In the bill’s own words: A Bill to make provision about the regulation of financial services and markets; and for connected purposes.

Official page on Parliament’s site

Source: Parliament Bills API · Commons votes from the Commons Votes API.