Reading the bill’s publication files and writing a plain-English Green Book note…
Reading the bill’s publication files and writing a plain-English Green Book note…
Proposal 932
A Bill To amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes.
Appraisal prepared just now from the official papers. Next scheduled update after the next sitting or within about 24 hours.
Sponsor: HM Treasury
Open publications on bills.parliament.ukPlain-English note and Green Book five-case reading from the official papers — the heart of this page.
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In plain English
Financial Services Act 2012 would amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
There were no official papers to read, so we cannot say who would gain or lose.
There were no official papers to read, so we cannot describe benefits that cannot be counted in pounds.
Same bill, simpler words — a deeper read without the jargon.
In simple terms: Financial Services Act 2012 would amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
No publication files were available for this note.
Green Book 2026 · 5 Case Model
Financial Services Act 2012 would amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
It is currently at Royal Assent in the Unassigned, sponsored by HM Treasury.
Accountability · outcome beside Green Book evidence
Financial Services Act 2012 became law. The official papers we read covered most of the Green Book five cases with concrete detail. That does not prove the outcome was “right” — it means the case on paper was relatively complete for accountability scrutiny.
Strategic: Financial Services Act 2012 would amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes. That comes from the bill’s own title. There were no official papers to download, so this is only a first look — not a full reading of impact assessments or notes.
Economic: There is no impact assessment to read, so there is no figure in pounds for what this would cost or save. That is not a yes or no on the bill.
Commercial: There were no official papers to read, so we cannot say how this would be bought or put in place.
Financial: There were no official papers to read, so we cannot say who would pay for this.
Management: Gap — The parliamentary record lists the sponsor as HM Treasury. The papers do not say who would run it day to day.
This is an accountability reading, not a recommendation and not a score. It does not say whether Parliament should have passed or rejected the bill. It only sets the actual parliamentary outcome beside how complete the Green Book five-case evidence was in the official papers.
These UK Acts sit in a similar policy space and are already law. Pairing uses this proposal’s official papers (and the plain-English note themes). It is not a verdict that the proposal is redundant or unnecessary.
UK Act · Royal Assent · 2024-08-19
Financial Services and Markets Act 2023
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2016-05-05
Bank of England and Financial Services Act 2016
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2013-12-19
Financial Services (Banking Reform) Act
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2023-04-13
Financial Services Act 2021
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2026-02-12
Infrastructure (Financial Assistance) Act 2012
Same policy area (“Economy / tax”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.