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UK Parliament
Lords votes on changes to Financial Services Bill
15 April 2021 2021
The House of Lords continued report stage, a further chance to closely scrutinise a bill and make changes, of the Financial Services Bill on Wednesday 14 April.
Members discussed limiting retention of personal data to five years, regulation of bailiffs and bailiff firms and the contribution of financial services companies to climate change targets.
Sharia-compliant financial services
The first vote was on amendment 15, which requires the Treasury, within six months of the passing of the Act, to facilitate the availability of Sharia-compliant financial services in the UK, including availability to students eligible for government finance.