Session 2013 - 14
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1401

 

House of Commons

 
 

Wednesday 11 December 2013

 

Consideration of Lords Amendments

 

Financial Services (Banking Reform) Bill


 

On Consideration of Lords Amendments to the Financial Services (Banking Reform) Bill

 


 

Note

 

The Amendments have been arranged in accordance with the Financial Services

 

(Banking Reform) Bill Programme (No. 3) to be proposed by Mr Chancellor of the

 

Exchequer.

 


 

Lords Amendment No. 41

 

Mr Chancellor of the Exchequer

 

To move, That this House disagrees with the Lords in their Amendment.

 

 


 

Lords Amendment No. 54

 

As an Amendment to the Lords Amendment:—

 

Cathy Jamieson

 

(a)

 

Parliamentary Star    

Line  9,  at end insert—

 

‘(1A)    

In considering rules about the conduct of persons referred to in 64A 1(a) and (b),

 

the FCA must have regard to the effect of remuneration and remuneration

 

policies, including incentives, at UK financial institutions and the extent to which

 

incentives should be linked to the performance and stability of the relevant UK


 
 

Consideration of Lords Amendments: 11 December 2013        

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Financial Services (Banking Reform) Bill, continued

 
 

financial institutions over a period of five to 10 years, such period to be

 

determined by the FCA.’.

 

 


 

Lords Amendment No. 155

 

As Amendments to the Lords Amendment:—

 

Cathy Jamieson

 

(a)

 

Parliamentary Star    

Line  10,  at end insert—

 

‘(1BB)    

In order to assist in securing an appropriate degree of protection against excessive

 

charges, the FCA must make rules in relation to data sharing for high-cost short-

 

term credit, requiring in particular that—

 

(a)    

authorised persons providing high-cost short-term credit shall supply to

 

credit reference agencies on a daily basis such information about loans as

 

the FCA specifies;

 

(b)    

authorised persons providing credit reference services shall ensure that

 

they are able to receive data on a daily basis and make this available to

 

their subscribers by the end of the working day following the day on

 

which they receive it from their subscribers; and

 

(c)    

authorised persons providing high-cost short-term credit shall, in

 

assessing the creditworthiness of their customers, use such information

 

in ways that the FCA shall specify.

 

(1BC)    

The FCA must ensure that it has made rules under paragraph (1BB) by no later

 

than 1 October 2014.’.

 

Cathy Jamieson

 

(b)

 

Parliamentary Star    

Line  18,  leave out ‘2 January 2015’ and insert ‘1 October 2014’.

 

 

 

Order of the House [11 MARCH 2013]

 

That the following provisions shall apply to the Financial Services (Banking Reform)

 

Bill:

 

Committal

 

1.    

The Bill shall be committed to a Public Bill Committee.

 

Proceedings in Public Bill Committee

 

2.    

Proceedings in the Public Bill Committee shall (so far as not previously

 

concluded) be brought to a conclusion on Thursday 18 April 2013.

 

3.    

The Public Bill Committee shall have leave to sit twice on the first day on

 

which it meets.

 

Consideration and Third Reading

 

4.    

Proceedings on Consideration shall (so far as not previously concluded) be


 
 

Consideration of Lords Amendments: 11 December 2013        

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Financial Services (Banking Reform) Bill, continued

 
 

brought to a conclusion one hour before the moment of interruption on the

 

day on which those proceedings are commenced.

 

5.    

Proceedings on Third Reading shall (so far as not previously concluded) be

 

brought to a conclusion at the moment of interruption on that day.

 

6.    

Standing Order No. 83B (Programming committees) shall not apply to

 

proceedings on Consideration and Third Reading.

 

Other proceedings

 

7.    

Any other proceedings on the Bill (including any proceedings on

 

consideration of Lords Amendments or on any further messages from the

 

Lords) may be programmed.

 

 

FINANCIAL SERVICES (BANKING REFORM) BILL PROGRAMME (NO. 3)

 

Mr Chancellor of the Exchequer

 

That the following provisions shall apply to the Financial Services (Banking Reform)

 

Bill for the purpose of supplementing the Order of 11 March 2013 in the last Session of

 

Parliament (Financial Services (Banking Reform) Bill (Programme)) and the Order of 8

 

July 2013 (Financial Services (Banking Reform) Bill (Programme) (No. 2)):

 

Consideration of Lords Amendments

 

1.    

Proceedings on consideration of Lords Amendments shall (so far as not

 

previously concluded) be brought to a conclusion six hours after their

 

commencement at today’s sitting.

 

2.    

The proceedings shall be taken in the order shown in the first column of the

 

following Table.

 

3.    

The proceedings shall (so far as not previously concluded) be brought to a

 

conclusion at the times specified in the second column of the Table.

 

TABLE

 

Lords Amendments

Time for conclusion of proceedings

 
 

No. 41

Two hours after the commencement of proceedings

 
  

on consideration of Lords Amendments

 
 

No. 63

Four and a half hours after the commencement of

 
  

those proceedings

 
 

Nos. 1 to 40, 42 to

Six hours after the commencement of those

 
 

62 and 64 to 184

proceedings

 
 

Subsequent stages

 

4.    

Any further Message from the Lords may be considered forthwith without

 

any Question being put.

 

5.    

The proceedings on any further Message from the Lords shall (so far as not

 

previously concluded) be brought to a conclusion one hour after their

 

commencement.

 


 
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Revised 11 December 2013