The House of Commons’ library has published a briefing paper summarising the Bank of England and Financial Services Bill’s (Reform Bill) progress through the Commons Committee stages (see FReD 26 February). The report notes the Committee stage entailed significant time looking at the Senior Managers and Certification Regime, in particular the issue of the reverse burden of proof. The report also highlights the new clauses that were introduced and approved at this stage. The Reform Bill has also passed through the report stage and its third reading, with key amendments having been made in respect of appointments of chief executives for FCA as the UK’s national competent authority and on implementation of the fourth money laundering directive in the area of proportionality. The Reform Bill will now pass back to the House of Lords for consideration of the amendments made during the Commons stages. (Source: Reform Bill report stage)