On 4 November 2022, HM Treasury published the Financial Services and Markets Bill, as amended in Public Bill Committee.

In a letter to the Interim Chair of the Treasury Select Committee, the Economic Secretary to the Treasury, Andrew Griffith MP states that in light of the appointment of the new Prime Minister the Government was unable to take the amendment to include in the Bill a Public Interest Intervention Power in time for the deadline for Committee Stage. In response the Treasury Committee has asked Mr Griffith if the Government will be tabling the amendment in the Report Stage in the Commons and not in the House of Lords.

Please see our previous blog post on the Bill.

Further commentary on the Bill can also be found in our Regulation Tomorrow podcast series.