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433

 

SUPPLEMENT TO THE VOTES AND PROCEEDINGS

 
 

Wednesday 11 December 2013

 

Proceedings

 

on Consideration of Lords Amendments

 

Financial Services (Banking Reform) Bill


 

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

 


 

Lords Amendment No. 41

 

Mr Chancellor of the Exchequer                                                                        

Agreed to

 

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

 

 

Lords Amendment 41 accordingly Disagreed to.

 

Lords Amendment 63 Agreed to.

 

Lords Amendments 1 to 40 and 42 to 53 Agreed to.

 


 

Lords Amendment No. 54

 

As an Amendment to the Lords Amendment:—

 

Cathy Jamieson

 

Not selected  (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

 

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

 

determined by the FCA.’.

 


 
 

Proceedings on Consideration of Lords Amendments: 11 December 2013 

434

 

Financial Services (Banking Reform) Bill, continued

 
 

Lords Amendment Agreed to.

 

Lords Amendment 55 to 62 and 64 to 154 Agreed to.

 


 

Lords Amendment No. 155

 

As Amendments to the Lords Amendment:—

 

Cathy Jamieson

 

Disagreed to on division  (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

 

Disagreed to on division  (b)

 

Parliamentary Star    

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

 

 

Lords Amendment Agreed to.

 

Lords Amendments 156 to 184 Agreed to.

 


 
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