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| New Amendments handed in are marked thus |
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| Amendments which will comply with the required notice period at their next appearance |
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| Enterprise and Regulatory Reform Bill
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| | The Amendments have been arranged in accordance with the Order of the |
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| | Clause 1, page 1, line 6, leave out from ‘(b)’ to end of line and insert ‘the |
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| acceleration and active promotion of initiatives with the purpose of facilitating significant |
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| improvements in energy savings and energy efficiency.’. |
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| | Clause 1, page 1, line 11, at end add— |
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| | ‘(3) | In undertaking investments in accordance with the green purposes outlined in |
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| | subsection (1), the UK Green Investment Bank must take particular account of— |
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| | (a) | the ability of small and medium-sized enterprises of the United Kingdom |
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| | (b) | how the investment would improve the effectiveness of the UK supply |
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| | chain in the relevant industry in which the investment was being made, |
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| | (c) | helping UK businesses— |
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| | (i) | reduce their greenhouse gas emissions, and |
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| | (ii) | increase their energy efficiency, and |
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| | (d) | investment in new and emerging technologies.’. |
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| | Clause 1, page 1, line 11, at end add— |
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| | ‘(4) | Nothing in subsection (1)(b) shall allow the UK Green Investment Bank to |
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| | consider investments in high carbon infrastructure projects, or in projects likely |
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| | to result in a significant increase in greenhouse gas emissions.’. |
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| | Clause 4, page 3, line 19, at end add— |
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| | ‘(7) | The Secretary of State shall provide the European Commission with notification |
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| | in accordance with state aid procedures that it is the intention of the Secretary of |
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| | State to allow the UK Green Investment Bank to borrow from the capital markets. |
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| | (8) | The duty in subsection (7) must be fulfilled no later than 30 June 2013. |
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| | (9) | It is the duty of HM Treasury to permit the UK Green Investment Bank to begin |
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| | borrowing from the capital markets no later than 31 December 2013, or one |
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| | month following state aid approval having been received, whichever is the |
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| | Clause 5, page 3, line 24, at end add— |
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| | ‘(2) | The UK Green Investment Bank must ensure that— |
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| | (a) | all studies or assessments conducted in the preparation of a business plan, |
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| | and their accompanying terms of reference, |
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| | (b) | all written correspondence exchanged between the Government |
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| | Shareholder and the Board, and |
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| | (c) | all key operational documents, including internal working documents of |
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| | the Bank relating to investment decisions, |
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| | | are made available on a website maintained in accordance with the requirements |
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| | of this section, subject to the exemptions specified in subsection (3). |
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| | (3) | Information contained in documents required to be disclosed by subsection (2) |
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| | may be withheld or redacted by the Bank where in the reasonable opinion of a |
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| | (a) | its disclosure would prejudice the commercial interests of any person |
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| | (b) | its disclosure would, or would be likely to, inhibit— |
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| | (i) | the free and frank provision of advice to or within the Bank, |
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| | (ii) | the free and frank exchange of views within the Bank for the |
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| | purposes of deliberation, |
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| | (c) | its disclosure would otherwise prejudice, or would be likely otherwise to |
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| | prejudice, the effective conduct of the Bank’s business, |
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| | (d) | a claim to legal professional privilege or, in Scotland, to confidentiality |
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| | of communications could be maintained in relation to it in legal |
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| | (i) | is prohibited by or under any enactment, or |
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| | (ii) | would constitute or be punishable as a contempt of court, |
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| | | and in all the circumstances of the case, the public interest in maintaining |
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| | the exemption outweighs the public interest in disclosing the |
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| | (4) | The documents specified in subsection (2) must be made available on the Bank’s |
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| | website or a website that is maintained by or on behalf of the Bank. |
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| | (5) | Access to the documents specified in subsection (2) on the website must not be— |
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| | (a) | conditional on the payment of a fee, or |
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| | (b) | otherwise restricted, except so far as necessary to comply with any |
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| | enactment or regulatory requirement (in the United Kingdom or |
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| | Clause 6, page 3, line 32, leave out from ‘(2)’ to end of line 33, and insert— |
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| | ‘( ) | The Secretary of State must within 12 months of the coming into force of this Act, |
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| | and afterwards annually, prepare and lay before both Houses of Parliament a |
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| | report on the activities and investments of the UK Green Investment Bank. |
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| | (2A) | The report under subsection (2) must, in particular, include or contain information |
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| | (a) | the investments undertaken by the UK Green Investment Bank during |
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| | (b) | how the UK Green Investment Bank is achieving its green purposes as |
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| | (c) | a value-for-money and efficiency statement, |
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| | (d) | the identification and management of risk in respect of UK Green |
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| | Investment Bank objects and investments, |
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| | (e) | how the UK Green Investment Bank is not duplicating investments made |
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| | (f) | how the UK Green Investment Bank has applied the Main Principles as |
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| | set out in the UK Corporate Governance Code.’. |
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| | Clause 7, page 4, line 15, at end insert— |
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| | ‘(1A) | A “prospective claimant” may seek support from ACAS for any necessary |
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| | assistance to comply with the requirements in subsection (1).’. |
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| | Clause 7, page 4, leave out lines 26 and 27 and insert ‘The conciliation officer may |
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| extend the prescribed period if the conciliation officer deems it necessary to reach a |
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| settlement between the persons who would be parties to the proceedings, with the consent |
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| | Clause 7, page 5, leave out lines 31 and 32. |
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| | Clause 7, page 6, line 17, at end add— |
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| | ‘(3) | The Secretary of State must within 12 months of the coming into force of this Act, |
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| | and afterwards annually, prepare and lay before both Houses of Parliament a |
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| | report on the workings and implementation of this Section.’. |
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| | Clause 10, page 7, line 14, at end insert— |
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| | ‘(6E) | The Secretary of State and the Lord Chancellor acting jointly, shall consult on— |
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| | (a) | the level of professional attainment required by legal officers to carry out |
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| | provisions in subsection (6D). |
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| | (b) | the appropriate remit of proceedings that an appointed legal officer could |
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| | (c) | the appropriate mechanism for appeal, |
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| | | with regards to the provisions of subsection (6D). |
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| | Clause 11, page 7, line 23, at end insert ‘with the consent of both parties.’. |
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| | Clause 11, page 7, leave out lines 32 to 39. |
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| | Clause 13, page 11, line 12, leave out from ‘section’ to end of line 13, and insert ‘to |
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| | Clause 13, page 11, line 13, at end insert— |
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| | ‘(11) | All financial penalties should be paid to the claimant and the fine should be |
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| | subsequently deducted from the compensatory award and then paid to the |
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| | Clause 17, page 12, line 21, at end insert— |
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| | ‘( ) | Section [Confidentiality of negotiations before termination of employment] does |
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| | not apply to any offer made or discussions held before the commencement of that |
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| Clause 62, page 49, line 5, at end add— |
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| | ‘(5) | Section [Permission to borrow from the capital markets] comes into force on the |
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| | day on which this Act is passed.’. |
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| | Confidentiality of negotiations before termination of employment |
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| | To move the following Clause:— |
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| | ‘After section 111 of the Employment Rights Act 1996 insert— |
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| | “111A | Confidentiality of negotiations before termination of employment |
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| | (1) | In determining any matter arising on a complaint under section 111, an |
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| | employment tribunal may not take account of any offer made or |
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| | discussions held, before the termination of the employment in question, |
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| | with a view to it being terminated on terms agreed between the employer |
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| | | This is subject to the following provisions of this section. |
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| | (2) | Subsection (1) does not apply where, according to the complainant’s |
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| | case, the circumstances are such that a provision (whenever made) |
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| | contained in, or made under, this or any other Act requires the |
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| | complainant to be regarded for the purposes of this Part as unfairly |
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| | (3) | In relation to anything said or done which in the tribunal’s opinion was |
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| | improper, or was connected with improper behaviour, subsection (1) |
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| | applies only to the extent that the tribunal considers just. |
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| | (4) | The reference in subsection (1) to a matter arising on a complaint under |
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| | section 111 includes any question as to costs, except in relation to an |
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| | offer made on the basis that the right to refer to it on any such question is |
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| | (5) | Subsection (1) does not prevent the tribunal from taking account of a |
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| | determination made in any other proceedings between the employer and |
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| | the employee in which account was taken of an offer or discussions of the |
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| | kind mentioned in that subsection.”’. |
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| | Permission to borrow from the capital markets |
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| To move the following Clause:— |
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| | ‘(1) | The Green Investment Bank may borrow funds on the capital markets. |
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| | (2) | There shall be a duty on HM Treasury to provide such assistance and take such |
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| | steps as required to allow the Green Investment Bank to carry out functions under |
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| | Independent expert review and consultation |
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| | To move the following Clause:— |
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| | ‘(1) | The Secretary of State will be required to receive an independent expert review |
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| | of the performance of the UK Green investment Bank. |
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| | (2) | The Secretary of State will be required to receive such a review no less than every |
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| | (3) | The independent expert review in subsection (1) must, in particular, include or |
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| | contain information relating to— |
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| | (a) | an assessment of the UK Green Investment Bank’s environmental |
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| | performance in fulfilling the green purposes as set out in section 1, |
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| | (b) | an analysis of the main trends and factors likely to affect the future |
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| | development, performance and investments of the UK Green Investment |
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| | (c) | macroeconomic analysis, including assessments of demand in the UK |
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| | economy and international factors likely to affect green investment and |
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| | skills within the relevant industries, |
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| | (d) | assessment of the competitiveness of the UK Green Investment Bank in |
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| | securing competitive advantage for the UK in green and low carbon |
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| | economies relative to other countries, and |
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| | (e) | recommendations to improve the UK Green Investment Bank’s impact in |
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| | fulfilling its green purposes in section 1. |
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| | (4) | Prior to the commencement of a review in relation to subsection (1), the Secretary |
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| | of State must request the views of— |
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| | (a) | the Secretary of State for Energy and Climate Change, |
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| | (b) | the Secretary of State for Environment, Food and Rural Affairs, |
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| | (c) | the Committee on Climate Change, |
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| | (d) | Ministers from the devolved administrations, |
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| | (e) | investors and interested parties, and |
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| | (f) | members of the public. |
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| | | and provide a copy of the results of the consultations to the person or persons |
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| | undertaking the independent review. |
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| | (5) | A review made in relation to subsection (1) must be published and laid before |
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| | both Houses of Parliament.’. |
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| | General disclosure requirements |
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| | To move the following Clause:— |
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| | ‘The Freedom of Information Act 2000 (c.36) is amended as follows—
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| | In Part VI of Schedule 1, after the words “The Great Britain China Centre”, |
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| | “The UK Green Investment Bank”.’. |
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| | Order of the House [11 JUNE 2012] |
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| | That the following provisions shall apply to the Enterprise and Regulatory Reform |
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