Recommendation 1
Recommendation (the committee's words)The Committee is content with delegation of the power in principle and with the choice of the affirmative procedure.
Scottish Parliament committee: Delegated Powers and Law Reform Committee
Financial Services and Markets Bill (UK Parliament legislation) – delegated powers exercisable within devolved competence, with reference to LCM-S7-8 and LCM-S7-8a.
SP Paper 29
Report number 13th Report, 2026 (Session 7)
Published 28 October 2026
All Scottish Parliament committee reports Report on parliament.scot ↗ Report PDF ↗
Where it stands
No response recorded yet. There is no statutory deadline for a Scottish Government response.
On the record
- Recommendations and conclusions 2
- Recommendations 2
Recommendations and conclusions
- Recommendation 1Review of relevant powers
- Recommendation 2Review of relevant powers
Recommendations and conclusions 2 items
The text is the committee's own. The item numbers and the label of each item as a recommendation or a conclusion are assigned by this site. Each response shown is matched to its theme heading by this site.
Review of relevant powers
Recommendation 2
Recommendation (the committee's words)The Committee also draws the following to the Criminal Justice Committee's attention:
Only the Treasury or the Secretary of State can exercise the power within the Scottish Parliament’s legislative competence.
Regulations will be laid before and scrutinised by the United Kingdom Parliament only.
The Treasury or the Secretary of State must consult with the Scottish Ministers before making regulations which amend Parts 3 or 5 of the Proceeds of Crime Act 2002.
The regulations will fall within the scope of the UKSI Protocol and will be notified to the Scottish Parliament only after becoming law.
Only the Treasury or the Secretary of State can exercise the power within the Scottish Parliament’s legislative competence.
Regulations will be laid before and scrutinised by the United Kingdom Parliament only.
The Treasury or the Secretary of State must consult with the Scottish Ministers before making regulations which amend Parts 3 or 5 of the Proceeds of Crime Act 2002.
The regulations will fall within the scope of the UKSI Protocol and will be notified to the Scottish Parliament only after becoming law.