Amendment 142E

Amendment 142E to the Financial Services and Markets Bill [HL]

By James Sherwin-SmithPosted on 6 July 2026

As introduced by Baroness Bowles of Berkhamsted, at Grand Committee of the House of Lords, on 6th July 2026. Financial Services and Markets Bill https://bills.parliament.uk/bills/4129 Extract from the Fifth Marshalled Listhttps://bills.parliament.uk/publications/67088/documents/8551 Hansard entry https://hansard.parliament.uk/lords/2026-07-06/debates/F52D8CA6-DABF-4A49-8239-6BE831DF8DC6/FinancialServicesAndMarketsBill(HL)#contribution-A04CE743-DC68-438E-88CB-BBB60EEA58D0 Parliamentlive.tvhttps://parliamentlive.tv/event/index/5f7cae32-6994-426f-9c0e-77a93b35a91f?in=17:42:12

Baroness Bowles of Berkhamsted, speaking in support of Amendment 142E

By James Sherwin-SmithPosted on 6 July 2026

For more info, please see “My Lords, building societies occupy a unique place in the United Kingdom’s financial system. Unlike banks, they are not owned by external shareholders; they are owned by their members. That distinction is fundamental. It means that the legitimacy of a building society rests not only upon prudent management and financial […]