Session 2010 - 12
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4243

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Wednesday 18 April 2012

 

For other Amendment(s) see the following page(s) of Supplement to Votes:

 

4155-57, 4203-08 and 4227-34

 

Consideration of Bill


 

Financial Services Bill, As Amended

 

Prepayment schemes

 

Katy Clark

 

Jessica Morden

 

Mrs Linda Riordan

 

NC12

 

To move the following Clause:—

 

‘(1)    

The FPC must carry out and publish a review of the operation of consumer

 

prepayment schemes to consider whether existing protection for consumers is

 

sufficient.

 

(2)    

The FPC must make recommendations under subsection (1) within one year of

 

this section coming into force.

 

(3)    

Any report produced by the FPC under subsection (1) shall include an analysis of

 

whether consumers of prepayment schemes should be made preferential creditors

 

for the purposes of the distribution of the realised assets of the company operating

 

such schemes in the event of insolvency.’.

 

Mark Durkan

 

41

 

Page  17,  line  1  [Clause  5],  after ‘transaction’, insert ‘, any common law fiduciary

 

duties owed by the provider in question’.

 


 
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Revised 19 April 2012