Session 2010 - 12
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Other Bills before Parliament
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| | Thursday 23 February 2012 |
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| | [THIRD AND FOURTH SittingS]
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| | | Amendment (No. 9) proposed, in page 3, line 14, to leave out the word ‘4’ and insert |
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| | | the word ‘6’.—(Chris Leslie). |
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| | | Question proposed, That the Amendment be made. |
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| | Clause 3, page 3, line 24, after ‘functions’, insert ‘and must have regard to the |
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| | desirability of ensuring a broad representation of practitioners and consumers in the UK |
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| | financial services sector.’. |
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| | Clause 3, page 3, line 27, at end insert— |
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| | | ‘(c) | allow sufficient time for the Treasury Select Committee to hold |
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| | | appointment hearings with candidates to be appointed under (1)(e) before |
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| | | their appointment to the Committee.’. |
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| | Clause 3, page 3, line 28, leave out ‘procedures’ and insert ‘activities’. |
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| | Clause 3, page 3, line 31, leave out ‘sub-committee’ and insert ‘committee’. |
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| | Clause 3, page 3, line 34, after ‘functions’, insert ‘having regard to the |
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| | Government’s growth, employment and other economic objectives’. |
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| | Clause 3, page 4, line 3, at end insert— |
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| | | ‘(3A) | In the event of the FPC coming into conflict with the MPC in the exercise of its |
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| | | objectives, the Governor should inform the Court and the Chancellor to explain |
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| | | how the conflict will be resolved.’. |
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| | Clause 3, page 5, line 16, leave out ‘operational’. |
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| | Clause 3, page 6, line 7, at end insert— |
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| | | ‘(1A) | The Financial Policy Committee may give a direction to the FCA or the PRA |
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| | | requiring the regulator to exercise its functions so as to ensure the |
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| | | implementation, by or in relation to a specified class of regulated persons, of a |
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| | | disclosure of their leverage ratio, as defined in the Basel III agreement, as part of |
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| | | their regular reporting not later than the beginning of 2013.’. |
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| | [Adjourned until Tuesday 28 February at 10.30 am |
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