My Lords, we agree with these regulations, but I will ask the Minister just one question, which follows on from the final question of the noble Lord, Lord Sharkey. As the Minister said in her opening remarks, the exemptions to the financial promotions regime were last substantively updated in 2005, nearly 20 years ago. Given current high inflation rates, and the fact that prices have already risen nearly 5% since the January 2023 data used to reset the thresholds in this instrument, these new figures could arguably be said to be already out of date. I note what the Minister said in her opening remarks, but can I push her to provide at least an approximate timeframe for when the thresholds are likely to be reviewed again?
Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023
Proceeding contribution from
Lord Livermore
(Labour)
in the House of Lords on Wednesday, 13 December 2023.
It occurred during Debates on delegated legislation on Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023.
Type
Proceeding contribution
Reference
834 c304GC 
Session
2023-24
Chamber / Committee
House of Lords Grand Committee
Subjects
Librarians' tools
Timestamp
2023-12-19 14:12:45 +0000
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