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| | Wednesday 11 December 2013 |
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| | Financial Services (Banking Reform) Bill
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| | On Consideration of Lords Amendments to the Financial Services (Banking Reform) Bill |
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| | | The Amendments have been arranged in accordance with the Financial Services |
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| | | (Banking Reform) Bill Programme (No. 3) to be proposed by Mr Chancellor of the |
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| | Mr Chancellor of the Exchequer |
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| | To move, That this House disagrees with the Lords in their Amendment. |
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| | As an Amendment to the Lords Amendment:— |
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| Line 9, at end insert— |
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| | | ‘(1A) | In considering rules about the conduct of persons referred to in 64A 1(a) and (b), |
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| | | the FCA must have regard to the effect of remuneration and remuneration |
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| | | policies, including incentives, at UK financial institutions and the extent to which |
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| | | incentives should be linked to the performance and stability of the relevant UK |
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| | | financial institutions over a period of five to 10 years, such period to be |
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| | As Amendments to the Lords Amendment:— |
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| | | Line 10, at end insert— |
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| | | ‘(1BB) | In order to assist in securing an appropriate degree of protection against excessive |
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| | | charges, the FCA must make rules in relation to data sharing for high-cost short- |
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| | | term credit, requiring in particular that— |
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| | | (a) | authorised persons providing high-cost short-term credit shall supply to |
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| | | credit reference agencies on a daily basis such information about loans as |
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| | | (b) | authorised persons providing credit reference services shall ensure that |
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| | | they are able to receive data on a daily basis and make this available to |
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| | | their subscribers by the end of the working day following the day on |
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| | | which they receive it from their subscribers; and |
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| | | (c) | authorised persons providing high-cost short-term credit shall, in |
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| | | assessing the creditworthiness of their customers, use such information |
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| | | in ways that the FCA shall specify. |
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| | | (1BC) | The FCA must ensure that it has made rules under paragraph (1BB) by no later |
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| | | Line 18, leave out ‘2 January 2015’ and insert ‘1 October 2014’. |
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| | | Order of the House [11 MARCH 2013] |
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| | | That the following provisions shall apply to the Financial Services (Banking Reform) |
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| | | 1. | The Bill shall be committed to a Public Bill Committee. |
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| | | Proceedings in Public Bill Committee |
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| | | 2. | Proceedings in the Public Bill Committee shall (so far as not previously |
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| | | concluded) be brought to a conclusion on Thursday 18 April 2013. |
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| | | 3. | The Public Bill Committee shall have leave to sit twice on the first day on |
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| | | Consideration and Third Reading |
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| | | 4. | Proceedings on Consideration shall (so far as not previously concluded) be |
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| | | brought to a conclusion one hour before the moment of interruption on the |
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| | | day on which those proceedings are commenced. |
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| | | 5. | Proceedings on Third Reading shall (so far as not previously concluded) be |
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| | | brought to a conclusion at the moment of interruption on that day. |
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| | | 6. | Standing Order No. 83B (Programming committees) shall not apply to |
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| | | proceedings on Consideration and Third Reading. |
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| | | 7. | Any other proceedings on the Bill (including any proceedings on |
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| | | consideration of Lords Amendments or on any further messages from the |
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| | | Lords) may be programmed. |
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| | | FINANCIAL SERVICES (BANKING REFORM) BILL PROGRAMME (NO. 3) |
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| | Mr Chancellor of the Exchequer |
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| | | That the following provisions shall apply to the Financial Services (Banking Reform) |
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| | | Bill for the purpose of supplementing the Order of 11 March 2013 in the last Session of |
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| | | Parliament (Financial Services (Banking Reform) Bill (Programme)) and the Order of 8 |
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| | | July 2013 (Financial Services (Banking Reform) Bill (Programme) (No. 2)): |
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| | | Consideration of Lords Amendments |
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| | | 1. | Proceedings on consideration of Lords Amendments shall (so far as not |
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| | | previously concluded) be brought to a conclusion six hours after their |
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| | | commencement at today’s sitting. |
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| | | 2. | The proceedings shall be taken in the order shown in the first column of the |
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| | | 3. | The proceedings shall (so far as not previously concluded) be brought to a |
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| | | conclusion at the times specified in the second column of the Table. |
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| | | Time for conclusion of proceedings |
| | | | | | Two hours after the commencement of proceedings |
| | | | | | on consideration of Lords Amendments |
| | | | | | Four and a half hours after the commencement of |
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| | | 4. | Any further Message from the Lords may be considered forthwith without |
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| | | 5. | The proceedings on any further Message from the Lords shall (so far as not |
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| | | previously concluded) be brought to a conclusion one hour after their |
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