text_body: --- DIVISION TITLE ---
  
  Financial Services Bill - Schedule 2 - Prudential Regulation of Investment Firms - Reduction of Greenhouse Gas Emissions
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to to require the Financial Conduct Authority to have regard to the target of reducing UK greenhouse gas emissions back to 1990 levels by 2050 when setting capital and risk related requirements for investment firms. 
  
  @ MP voted no not to require the Financial Conduct Authority to have regard to the target of reducing UK greenhouse gas emissions back to 1990 levels by 2050 when setting capital and risk related requirements for investment firms. 
  
  
  The majority of MPs voted not to require the Financial Conduct Authority to have regard to the target of reducing UK greenhouse gas emissions back to 1990 levels by 2050 when setting capital and risk related requirements for investment firms. 
  
  MPs were considering the Financial Services Bill.[1][2]
  
  The amendment rejected in this vote was
  
  :Amendment 1, page 63, line 5, at end insertâ
  
  :â(ba) the [https://www.legislation.gov.uk/ukpga/2008/27/section/1 target for net UK emissions of greenhouse gases in 2050 as set out in the Climate Change Act 2008] as amended by the [https://www.legislation.gov.uk/ukdsi/2019/9780111187654 Climate Change Act (2050 Target Amendment) Order 2019], andâ
  
  
  Had it not been rejected the amendment would have inserted the above text into Part 1 of Schedule 2 of the Bill which itsself provided for a new part (9C) of the Financial Services and Markets Act 2000. The specific proposed new section of the Financial Services and Markets Act 2000 into which the amendment would have been inserted began: 
  
   
  :143G Matters to consider when making Part 9C rules
  :(1) When making Part 9C rules, the FCA must, among other things, have
  regard toâ
  
  FCA is a reference to the Financial Conduct Authority.[2] 
  
  
  
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  * [1] [https://bills.parliament.uk/bills/2792 Parliament's webpage on the Financial Services Bill], Parliament.uk
  * [2] [https://publications.parliament.uk/pa/bills/cbill/58-01/0200/en/200200en.pdf Explanatory notes to the Financial Services Bill], Parliament.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  