The Bank of England and Financial Services Bill (BoE Bill) completed its Report Stage in the House of Lords. The Lords rejected an amendment to disapply the reverse burden of proof for senior managers, and said they would reconsider its removal only where small institutions are concerned, but would not agree a general back-tracking. Amendments made to the BoE Bill as a result of the debate include allowing Treasury to send remit letters to FCA on economic policy and requiring FCA to require some authorised firms to perform advice checks prior to annuity holders being allowed to sell their annuity income stream. The third reading of the BoE Bill in the Lords has not yet been scheduled. The text of the Bill as amended on report has also been published. (Source: BoE Bill Amended in Lords Report Stage and BoE Bill as Amended on Report)