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| Thursday 12 December 2013 |
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| [Sixth and Seventh SITTINGs]
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| Page 89, line 3, leave out Clause 47. |
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| Clause 49, page 90, line 3, leave out ‘is wholly or mainly in’ and insert ‘includes |
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| Schedule 9, page 172, line 17, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 172, line 25, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 172, line 35, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 173, line 5, leave out ‘is wholly or mainly in’ and insert ‘includes |
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| Schedule 9, page 173, line 13, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 173, line 22, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 173, line 31, leave out ‘is wholly or mainly in’ and insert |
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| ‘includes part or all of’. |
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| Schedule 9, page 177, line 6, leave out ‘is wholly or mainly in’ and insert ‘includes |
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| Clause 53, page 91, line 5, at end insert— |
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| | ‘(2) | Subsection (1) does not apply if or to the extent that subsection (3) or (4) applies. |
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| | (3) | If a provision of this Act is brought into force to any extent by the Welsh |
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| | Ministers acting alone under section 56(3), the Welsh Ministers may by order |
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| | made by statutory instrument make such transitional, transitory or saving |
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| | provision as the Welsh Ministers consider appropriate in connection with the |
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| | coming into force of so much of that provision as is so brought into force. |
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| | (4) | If a provision of this Act is brought into force to any extent by the Secretary of |
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| | State and the Welsh Ministers acting jointly under section 56(3), the Secretary of |
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| | State and the Welsh Ministers may, acting jointly, by order made by statutory |
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| | instrument make such transitional, transitory or saving provision as they, |
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| | together, consider appropriate in connection with the coming into force of so |
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| | much of that provision as is so brought into force.’. |
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| | Clause, as amended, Agreed to. |
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| | Clauses 54 and 55 Agreed to. |
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| Clause 56, page 91, line 22, at end insert— |
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| | ‘(za) | section (Disclosure of information: preparatory purposes);’. |
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| Clause 56, page 91, line 28, at end insert— |
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| Clause 56, page 91, line 28, at end insert— |
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| Clause 56, page 91, line 28, at end insert— |
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| Clause 56, page 91, line 29, at end insert ‘, so far as relating to water undertakers |
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| whose areas are wholly or mainly in England;’. |
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| Clause 56, page 91, line 29, at end insert— |
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| Clause 56, page 91, line 29, at end insert— |
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| | ‘(bb) | sections 26 to 28;’. |
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| Clause 56, page 91, line 30, at end insert— |
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| | ‘(ca) | section 32(1) and (2);’. |
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| Clause 56, page 91, line 30, at end insert— |
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| | ‘(cb) | sections 33 and 34;’. |
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| Clause 56, page 91, line 31, at end insert— |
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| Clause 56, page 91, line 31, at end insert— |
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| | ‘(db) | sections 44 and 45 and Schedule 8;’. |
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| Clause 56, page 91, line 31, at end insert— |
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| Clause 56, page 91, line 31, at end insert— |
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| | ‘(dd) | sections 48 to 50;’. |
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| Clause 56, page 91, line 31, at end insert— |
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| | ‘(de) | section 51 and Schedule 10;’. |
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| Clause 56, page 91, line 36, leave out subsections (3) to (7) and insert— |
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| | ‘(3) | The remaining provisions of this Act come into force on such day as the |
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| | appropriate authority may by order appoint. |
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| | (4) | Different days may be appointed for different purposes. |
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| | (5) | Except as stated in the table in Schedule (Commencement orders: appropriate |
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| | authority), the appropriate authority for the purposes of subsection (3) is the |
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| | Clause, as amended, Agreed to. |
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| | The Flood Reinsurance Scheme |
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| To move the following Clause:— |
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| | ‘(1) | For the purposes of this Part, the Flood Reinsurance Scheme is a scheme which— |
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| | (a) | is established for the purpose mentioned in subsection (2), and |
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| | (b) | is designated for the purposes of this Part by regulations made by the |
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5 | | (2) | The purpose referred to in subsection (1)(a) is the purpose of providing |
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| | reinsurance to relevant insurers in respect of such risks relating to flooding as are |
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| | identified by the scheme, in such a way as to— |
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| | (a) | promote the availability and affordability of flood insurance for |
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| | household premises while minimising the costs of doing so, and |
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10 | | (b) | manage, over the period of operation of the scheme, the transition to risk- |
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| | reflective pricing of flood insurance for household premises. |
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| | (3) | Subsection (5) applies where the terms of the FR Scheme governing the |
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| | availability of reinsurance under the FR Scheme for an insurance policy include |
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| | a requirement as mentioned in subsection (4). |
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15 | | (4) | The requirement is that the part of the premium for the policy which is |
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| | attributable to risks relating to flooding does not exceed a specified amount (“the |
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| | (5) | The Secretary of State may by regulations make provision as to the level of the |
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| | eligibility threshold, and may make different provision for different purposes. |
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20 | | (6) | Regulations under subsection (5) may, in particular, make different provision for |
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| | different insurance policies by reference to the value of the household premises |
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| | to which a policy relates. |
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| | (7) | In this Part, the Flood Reinsurance Scheme is called “the FR Scheme”.’. |
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| | As an Amendment to Dan Rogerson’s proposed New Clause (The Flood Reinsurance |
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| | Negatived on division (a) |
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| | ‘(8) | Prior to making any regulations under subsection (5) the Secretary of State shall |
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| | require the Committee on Climate Change to provide current and projected |
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| | estimates of the number of properties that would be eligible for— |
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| | (a) | inclusion in the Flood Reinsurance Scheme; |
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| | (b) | the value of levy required under section [Scheme funding]; and |
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| | (c) | the likelihood of additional levy or contributions being needed from time |
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| To move the following Clause:— |
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| | ‘(1) | The FR Scheme is to be administered by a body designated by regulations made |
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| | by the Secretary of State. |
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| | (2) | The Secretary of State may under subsection (1) designate a company registered |
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| | under the Companies Act 2006 or a body of another kind. |
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| | (3) | In this Part, the body designated under subsection (1) is called “the FR Scheme |
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| To move the following Clause:— |
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| | ‘(1) | The Secretary of State may, with the consent of the Treasury, make regulations |
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| | requiring relevant insurers to pay to the FR Scheme administrator— |
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| | (a) | a levy, the amount and timing of which is to be determined in accordance |
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| | (b) | such further amounts, by way of levy or contribution, as may be |
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| | requested by the FR Scheme administrator from time to time in |
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| | accordance with the FR Scheme. |
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| | (2) | Regulations under subsection (1) may make provision as to— |
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| | (a) | the circumstances in which a request under subsection (1)(b) may be |
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| | (b) | the amounts that may be requested under subsection (1)(b). |
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| | (3) | The Secretary of State may by regulations make provision for amounts payable |
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| | under subsection (1) to be recoverable summarily (or in Scotland recoverable) as |
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| | (4) | The Secretary of State may by regulations make provision as to the application of |
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| | any amounts paid under subsection (1). |
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| | (5) | The Secretary of State may by regulations provide that, where such conditions as |
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| | are specified in the regulations as regards the reserves of the FR Scheme are |
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| | satisfied, the FR Scheme administrator must pay to the Secretary of State an |
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| | amount of the reserves to be determined in accordance with the regulations. |
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| | (6) | Regulations under subsection (5) may— |
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| | (b) | make provision about determining the amount of the reserves of the FR |
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| | (7) | Before making regulations under subsection (5), the Secretary of State must |
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| | consult the Prudential Regulation Authority.’. |
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| To move the following Clause:— |
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| | ‘(1) | The Secretary of State may by regulations make provision in connection with the |
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| | administration of the FR Scheme. |
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| | (2) | Regulations under subsection (1) may require the FR Scheme administrator to |
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| | have regard to the following in discharging its functions— |
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| | (a) | the need to ensure economy, efficiency and effectiveness in the discharge |
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| | (b) | the need to act in the public interest, |
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| | (c) | the need to ensure propriety and regularity in the operation of the FR |
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| | (d) | the need to manage, over the period of operation of the FR Scheme, the |
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| | transition to risk-reflective pricing of flood insurance for household |
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| | (3) | Regulations under subsection (1) may require the FR Scheme administrator to |
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| | produce and publish, in accordance with the regulations, a plan for achieving the |
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| | transition mentioned in subsection (2)(d). |
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| | (4) | Regulations under subsection (1) may— |
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| | (a) | limit, to any extent, the power of the FR Scheme administrator to borrow |
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| | money or otherwise incur debt; |
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| | (b) | make provision about the reserves of the FR Scheme, including |
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| | limitations on draw downs and transfers; |
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| | (c) | require the FR Scheme administrator to take steps to limit the overall net |
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| | losses that may be incurred by the FR Scheme in any year to an amount |
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| | specified in or determined in accordance with the regulations; |
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| | (d) | provide for the form and contents of the FR Scheme’s accounts; |
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| | (e) | provide for a copy of the audited FR Scheme’s accounts and a copy of the |
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| | auditor’s report on those accounts to be laid before Parliament; |
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| | (f) | provide for the Comptroller and Auditor General to examine— |
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| | (i) | the economy, efficiency and effectiveness with which the FR |
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| | Scheme administrator has used resources in discharging its |
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| | (ii) | the propriety and regularity in the operation of the FR Scheme, |
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| | | and for a report on any such examination to be laid before Parliament; |
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| | (g) | provide that for the purposes of an examination under paragraph (f)— |
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| | (i) | the Comptroller and Auditor General is to have a right of access |
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| | at all reasonable times to any of the documents relating to the FR |
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| | (ii) | a person who holds or has control of any of those documents is |
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| | to give the Comptroller and Auditor General any assistance, |
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| | information or explanation which the Comptroller and Auditor |
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| | General requires in relation to any of those documents. |
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| | (5) | Regulations under subsection (1) may— |
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| | (a) | require the FR Scheme administrator to designate an individual of a |
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| | description specified in the regulations as the responsible officer of the |
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| | (b) | provide for the responsible officer to have such responsibilities in respect |
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