Financial Services Bill

AMENDMENTS
TO BE MOVED
IN COMMITTEE
OF THE WHOLE HOUSE
[Supplementary to the Eighth Marshalled List]

After Clause 60

LORD TUNNICLIFFE

190ZEZA*

Insert the following new Clause—

“Duty of coordination: early warning

In furtherance of collaboration under this Part, the Bank of England, FPC, FCA or PRA must provide the Treasury or the Secretary of State with an early warning of the possibility that a notification of a material risk to public funds may be given under any provision of this Part, and must provide full information about circumstances.”

190ZEZB*

Insert the following new Clause—

“Collaboration under this Part: power to make regulation

(1) The Secretary of State may, by order subject to affirmative resolution in each House of Parliament, add to the list of bodies specified in section 54(4).

(2) The first such order made under this section shall add the FPC to that list.”

Prepared 17th October 2012