|
|
| |
| |
|
| Wednesday 11 December 2013 |
|
| |
| Financial Services (Banking Reform) Bill
|
|
| On Consideration of Lords Amendments to the Financial Services (Banking Reform) Bill |
|
| |
| |
| | 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 |
|
| | |
| |
| | |
| Mr Chancellor of the Exchequer |
|
| To move, That this House disagrees with the Lords in their Amendment. |
|
| |
| |
| | |
| As an Amendment to the Lords Amendment:— |
|
| |
| | |
|
| 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 |
|
|
|
| |
| |
|
| | financial institutions over a period of five to 10 years, such period to be |
|
| | |
| |
| |
| | |
| As Amendments to the Lords Amendment:— |
|
| |
| | |
|
| 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 |
|
| | |
| | (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 |
|
| | |
| |
| | |
|
| 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) |
|
| | |
| | |
| | 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 |
|
| | |
| | Consideration and Third Reading |
|
| | 4. | Proceedings on Consideration shall (so far as not previously concluded) be |
|
|
|
| |
| |
|
| | 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. |
|
| | |
| | 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 |
|
| | |
| | 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. |
|
| | |
| | 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 |
| | | | | | | | | | Six hours after the commencement of those |
| | | | | | | |
|
| | |
| | 4. | Any further Message from the Lords may be considered forthwith without |
|
| | |
| | 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 |
|
| | |
| |
|