Session 2014 - 15
Internet Publications
Other Bills before Parliament


 
 

:                                             

32

 

, continued

 
 

this Part”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  199

 

Schedule  3,  page  141,  line  40,  leave out “negative resolution procedure” and insert

 

“affirmative resolution procedure”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  79

 

Schedule  3,  page  142,  line  9,  leave out “jointly with others” and insert “as one of a

 

number of joint holders of the share or right in question”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  80

 

Schedule  3,  page  142,  line  38,  at end insert—

 

“(9A)    

A relevant legal entity is either “registrable” or “non-registrable” in relation to a

 

company—

 

(a)    

it is “non-registrable” if subsection (8)(a) applies in respect of it by virtue

 

only of it having significant control over some other legal entity that is

 

also a relevant legal entity in relation to the company;

 

(b)    

otherwise, it is “registrable”,

 

    

and references to a “registrable relevant legal entity” in relation to a company are

 

to a relevant legal entity which is registrable in relation to that company.”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  200

 

Schedule  3,  page  143,  line  2,  after “subsection”, insert “which would otherwise

 

meet the objectives of this Part”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  201

 

Schedule  3,  page  143,  line  16,  after “procedure”, insert “except for regulations

 

made under paragraph (d) of subsection (9) which are subject to the affirmative resolution

 

procedure”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  81

 

Schedule  3,  page  143,  line  22,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  82

 

Schedule  3,  page  143,  line  27,  after second “a” insert “registrable”


 
 

:                                             

33

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  83

 

Schedule  3,  page  143,  line  37,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  84

 

Schedule  3,  page  144,  line  1,  leave out from “who” to “, or” in line 2 and insert

 

“falls within subsection (5A)”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  85

 

Schedule  3,  page  144,  line  3,  at end insert—

 

“(5A)    

The persons who fall within this subsection are—

 

(a)    

any registrable person in relation to the company;

 

(b)    

any relevant legal entity in relation to the company;

 

(c)    

any entity which would be a relevant legal entity in relation to the

 

company but for the fact that section 790C(8)(b) does not apply in respect

 

of it.”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  86

 

Schedule  3,  page  144,  leave out lines 6 and 7 and insert—

 

“(i)    

any person who falls within subsection (5A), or”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  87

 

Schedule  3,  page  144,  line  13,  leave out from “must” to end of line 16 and insert

 

“state that the addressee is to comply with the notice by no later than the end of the period

 

of one month beginning with the date of the notice.”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  88

 

Schedule  3,  page  144,  line  24,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  89

 

Schedule  3,  page  144,  line  27,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  90

 

Schedule  3,  page  144,  line  31,  at end insert—

 

“( )    

A person to whom a notice under subsection (5) is given is not required by that

 

notice to disclose any information in respect of which a claim to legal

 

professional privilege (in Scotland, to confidentiality of communications) could

 

be maintained in legal proceedings.”


 
 

:                                             

34

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  91

 

Schedule  3,  page  144,  line  37,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  92

 

Schedule  3,  page  144,  line  42,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  93

 

Schedule  3,  page  145,  line  6,  after first “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  94

 

Schedule  3,  page  145,  line  7,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  95

 

Schedule  3,  page  145,  leave out lines 22 to 24

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  96

 

Schedule  3,  page  145,  line  25,  leave out “(8) and” and insert “(7) to”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  97

 

Schedule  3,  page  146,  line  7,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  98

 

Schedule  3,  page  146,  line  16,  leave out “28 days” and insert “one month”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  99

 

Schedule  3,  page  146,  line  19,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  100

 

Schedule  3,  page  146,  line  24,  leave out “14 days” and insert “one month”


 
 

:                                             

35

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  101

 

Schedule  3,  page  146,  line  30,  after first “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  102

 

Schedule  3,  page  146,  line  37,  leave out “28 days” and insert “one month”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  103

 

Schedule  3,  page  147,  line  1,  leave out “42 days” and insert “2 months”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  104

 

Schedule  3,  page  147,  line  3,  leave out “14 days” and insert “one month”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  202

 

Schedule  3,  page  147,  line  14,  at end insert—

 

  ‘(1A)  

The Secretary of State must not grant such an exception to a legal entity except

 

in exceptional circumstances.”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  105

 

Schedule  3,  page  147,  line  27,  after second “a” insert “registrable”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  203

 

Schedule  3,  page  147,  line  32,  at end insert—

 

    “(4)  

For the purposes of subsection (3) “special reasons” includes reasons related

 

to the national security of the United Kingdom or reasons related to the

 

personal safety of an individual.

 

      (5)  

Where the Secretary of State grants an exemption under this section the fact of

 

the exemption must be included in the information contained in the PSC

 

register of the relevant company or the central register.

 

      (6)  

The decision of the Secretary of State to grant an exemption is subject to

 

judicial review.”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  106

 

Schedule  3,  page  148,  line  16,  after “a” insert “registrable”


 
 

:                                             

36

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  107

 

Schedule  3,  page  148,  line  24,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  108

 

Schedule  3,  page  149,  line  10,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  109

 

Schedule  3,  page  149,  line  14,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  110

 

Schedule  3,  page  149,  line  34,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  111

 

Schedule  3,  page  149,  line  38,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  112

 

Schedule  3,  page  150,  line  5,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  113

 

Schedule  3,  page  150,  line  13,  at end insert—

 

“( )    

A company to which this Part applies is not by virtue of anything done for the

 

purposes of this section affected with notice of, or put upon inquiry as to, the

 

rights of any person in relation to any shares or rights in or with respect to the

 

company.”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  204

 

Schedule  3,  page  151,  line  1,  leave out sub-paragraph (d)

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  205

 

Schedule  3,  page  151,  line  33,  at end insert—

 

    “(6)  

A direction given by the court under subsection (4) shall be reviewed by the

 

court on an annual basis.”


 
 

:                                             

37

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  114

 

Schedule  3,  page  152,  line  30,  leave out “there were no” and insert “whether there

 

are”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  115

 

Schedule  3,  page  152,  line  43,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  116

 

Schedule  3,  page  152,  line  46,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  117

 

Schedule  3,  page  153,  line  5,  after first “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  118

 

Schedule  3,  page  153,  line  8,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  119

 

Schedule  3,  page  153,  line  26,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  120

 

Schedule  3,  page  154,  line  18,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  121

 

Schedule  3,  page  155,  line  15,  after “or” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  122

 

Schedule  3,  page  157,  line  8,  after “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  123

 

Schedule  3,  page  157,  line  12,  after second “a” insert “registrable”


 
 

:                                             

38

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Agreed to  124

 

Schedule  3,  page  157,  line  14,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  125

 

Schedule  3,  page  157,  line  27,  after second “a” insert “registrable”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  126

 

Schedule  3,  page  157,  line  36,  after second “a” insert “registrable”

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Not called  206

 

Schedule  3,  page  159,  line  32,  at end insert—

 

“(c)    

provide for the application to be determined by the court;

 

(d)    

provide for the register to show that, pursuant to an application under

 

this section, restrictions on use and disclosure of information are in

 

place.”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  127

 

Schedule  3,  page  164,  line  25,  at end insert—

 

“Limited partnerships

 

22A(1)  

An individual does not meet the specified condition in paragraph 2, 3 or 4 in

 

relation to a company by virtue only of being a limited partner.

 

      (2)  

An individual does not meet the specified condition in paragraph 2, 3 or 4 in

 

relation to a company by virtue only of, directly or indirectly—

 

(a)    

holding shares,

 

(b)    

holding a right, or

 

(c)    

controlling the exercise of a right,

 

            

in or in relation to a limited partner which (in its capacity as such) would meet

 

the condition if it were an individual.

 

      (3)  

Sub-paragraphs (1) and (2) do not apply for the purposes of determining

 

whether the requirement set out in paragraph (a) of the specified condition in

 

paragraph 6 is met.

 

      (4)  

In this paragraph “limited partner” means a limited partner in a limited

 

partnership registered under the Limited Partnerships Act 1907 (other than one

 

who takes part in the management of the partnership business).”

 

Matthew Hancock

 

Jo Swinson

 

Agreed to  128

 

Schedule  3,  page  165,  line  15,  leave out “14 days” and insert “one month”


 
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