Financial Services Bill — Report (1st Day) — Amendment 1 — 24 Mar 2021 at 15:15
Moved by Lord Stevenson of Balmacara
1: Before Clause 1, insert the following new Clause-“Duty of care for financial service providers(1) The Financial Services and Markets Act 2000 is amended as follows.(2) In section 1C, after subsection (2)(e) insert-“(ea) the general principle that firms should not profit from exploiting a consumer’s vulnerability, behavioural biases or constrained choices;”.(3) After section 137C insert-“137CA FCA general rules: duty of care (1) The power of the FCA to make general rules includes power to introduce a duty of care owed by authorised persons to consumers in carrying out regulated activities under this Act.(2) The FCA must make rules in accordance with subsection (1) which come into force no later than 6 April 2022.””Member’s explanatory statementThis new Clause would strengthen the FCA’s consumer protection objective and introduce requirements for the FCA to make rules for financial services firms that amount to a statutory duty of care.
Ayes 296, Noes 255.
Party Summary
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What is Turnout? This is measured against the total membership of the party at the time of the vote.| Party | Majority (Content) | Minority (Not-Content) | Turnout |
| Bishop | 1 | 0 | 3.8% |
| Con | 2 | 219 | 82.2% |
| Crossbench | 58 | 25 | 46.9% |
| DUP | 3 | 1 | 80.0% |
| Green | 2 | 0 | 100.0% |
| Independent Labour | 1 | 0 | 100.0% |
| Judge | 3 | 1 | 36.4% |
| Lab | 142 | 0 | 76.3% |
| LDem | 72 | 0 | 83.7% |
| Non-affiliated | 11 | 8 | 33.3% |
| PC | 1 | 0 | 100.0% |
| UUP | 0 | 1 | 50.0% |
| Total: | 296 | 255 | 67.0% |
Rebel Voters - sorted by vote
Lords for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible lord who could have voted in this division
| Name | Party | Vote |
| Baroness Altmann | Con | aye |
| Lord Holmes of Richmond | Con (front bench) | aye |
| Lord Bhatia | Non-affiliated | no |
| Lord Botham | Crossbench | no |
| Lord Brown of Eaton-under-Heywood | Judge (front bench) | no |
| Lord Butler of Brockwell | Crossbench (front bench) | no |
| Lord Cameron of Dillington | Crossbench (front bench) | no |
| Lord Carlile of Berriew | Crossbench | no |
| Lord Carrington | Crossbench | no |
| Lord Chartres | Crossbench (front bench) | no |
| The Earl of Cork and Orrery | Crossbench (front bench) | no |
| Viscount Craigavon | Crossbench | no |
| Lord Craig of Radley | Crossbench | no |
| Lord Dannatt | Crossbench | no |
| The Earl of Devon | Crossbench (front bench) | no |
| Lord Evans of Weardale | Crossbench | no |
| Lord Faulks | Non-affiliated (front bench) | no |
| Lord Gadhia | Non-affiliated | no |
| Lord Geidt | Crossbench | no |
| Lord Grabiner | Crossbench | no |
| Lord Hay of Ballyore | DUP | no |
| Baroness Hoey | Non-affiliated | no |
| Baroness Hogg | Crossbench | no |
| Baroness Hunt of Bethnal Green | Crossbench | no |
| Lord Laming | Crossbench (front bench) | no |
| Lord Lupton | Non-affiliated | no |
| Lord Mawson | Crossbench | no |
| Lord McDonald of Salford | Crossbench | no |
| Lord Moore of Etchingham | Non-affiliated | no |
| Lord Palmer | Crossbench | no |
| Lord Pannick | Crossbench | no |
| Lord Patel | Crossbench (front bench) | no |
| Lord Stevens of Kirkwhelpington | Crossbench | no |
| Lord Stirrup | Crossbench (front bench) | no |
| Baroness Stuart of Edgbaston | Non-affiliated | no |
| Lord Taylor of Warwick | Non-affiliated | no |
| Lord Walker of Aldringham | Crossbench | no |