Financial Services (Banking Reform) Bill

Page 39, line 42, leave out paragraph (a) and insert—

“(a)   at a time when S is a senior manager in relation to a bank (“B”), S—

(i)   agrees to the taking of any decision or decisions or to the
carrying on of activities by or on behalf of B in relation to the
business of a group bank, or

(ii)   fails to take steps that S could take to curtail such decision
or decisions or activities,”

Page 40, line 7, after “cause” insert “or contribute significantly to”