| Amendments proposed to the Financial Services and Markets Bill - continued | House of Commons |
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Mr David Heathcoat-Amory 125 *Clause 15, page 7, line 14, leave out from 'applies' to 'contains' in line 15 and insert 'to a report which the Treasury consider'.
Mr David Heathcoat-Amory 126 *Clause 15, page 7, line 16, after 'person', insert '(other than the Authority)'.
Mr David Heathcoat-Amory Mr Howard Flight
Mr Tim Loughton 76 Clause 15, page 7, line 21, leave out 'must' and insert 'shall be entitled to'.
Mr David Heathcoat-Amory 127 *Clause 15, page 7, line 22, at end insert 'but, in such a case, shall publish a statement that material relating to a particular person has been removed under this subsection'.
Mr David Heathcoat-Amory 77 Clause 17, page 8, line 4, leave out 'a regulated activity in the United Kingdom' and insert 'one or more regulated activities in the United Kingdom as a business'.
Mr David Heathcoat-Amory 128 *Clause 17, page 8, line 8, at end add—'(3) The Authority shall not regulate the conduct of business of authorised persons at or from a branch outside the United Kingdom except to the extent that it is carried on with or for a consumer in the United Kingdom.'.
Mr David Heathcoat-Amory 78 Clause 18, page 8, line 17, after 'But', insert 'unless the Authority directs otherwise in any particular case'.
Mr David Heathcoat-Amory 79 Clause 18, page 8, line 19, after 'of', insert 'or results from,'.
Mr Alan Milburn 94 Clause 19, page 8, line 21, leave out subsection (1) and insert—'(1) A person ("A") must not, in the course of business, communicate an invitation or inducement to engage in investment activity. (1A) But subsection (1) does not apply if—
Mr David Heathcoat-Amory 129 *Clause 19, page 8, line 21, leave out subsection (1) and insert—'(1) A person ("A") must not in the course of business, communicate an invitation or by a communication attempt to induce a person to engage in investment activity. (1A) But subsection (1) does not apply if—
Mr David Heathcoat-Amory 100 Clause 19, page 8, line 21, leave out 'A person must not' and insert 'No person shall in the course of a business'.
Mr David Heathcoat-Amory 101 Clause 19, page 8, line 21, leave out 'A person must not' and insert 'No person shall in a business context in the United Kingdom'.
Mr David Heathcoat-Amory 102 Clause 19, page 8, line 22, after 'invitation', insert 'which is clearly promotional in nature'.
Mr Alan Milburn 95 Clause 19, page 8, line 29, leave out 'only applies' and insert 'applies only'.
Mr David Heathcoat-Amory 80 Clause 19, page 8, line 29, leave out 'capable of having an effect in the United Kingdom' and insert 'addressed to a United Kingdom person'.
Mr Alan Milburn 96 Clause 19, page 8, line 30, at end insert—'(2A) The Treasury may by order specify circumstances in which a person is to be regarded for the purposes of subsection (1) as—
Mr David Heathcoat-Amory 130 *Clause 19, page 8, line 30, at end insert—(2A) A person will be treated as acting in his course of business if he has a commercial interest in the consequences of the communication.'.
Mr David Heathcoat-Amory 81 Clause 19, page 8, line 33, after 'apply', insert 'and, in the case of oral communications such circumstances shall, except as otherwise expressly provided in the order, include the making of a communication which has not been solicited by the person receiving it or by any person acting on his behalf.'.
Mr David Heathcoat-Amory 82 Clause 19, page 8, line 33, after 'apply', insert 'and what constitutes approval of the content of communications in particular circumstances'.
Mr Alan Milburn 97 Clause 19, page 8, line 34, leave out from beginning to end of line 35 and insert—'(4) "Engaging in investment activity" means-'.
Mr David Heathcoat-Amory 106 Clause 19, page 8, line 43, after 'activity' insert 'and, in either case, is carried on as a business.'.
Mr Alan Milburn 98 Clause 19, page 9, line 6, at end insert—'(7A) "Communicate" includes causing a communication to be made.'.
Mr David Heathcoat-Amory 83 Clause 19, page 9, line 8, at end add—'(10) "United Kingdom person" means, in the case of an individual, a person physically in the United Kingdom or, in the case of any other person, a branch or other place of business in the United Kingdom of that person.'.
Mr David Heathcoat-Amory 84 Clause 19, page 9, line 8, at end add—'(11) A communication is addressed to a person if it is directed at or made available to or is capable of being seen, heard or (subject to subsection (12)) otherwise accessed by that person.'.
Mr David Heathcoat-Amory 85 Clause 19, page 9, line 8, at end add—'(12) Communications on the Internet which are not directed at United Kingdom persons shall not be regarded as addressed to them if access by them to the communication has not been solicited by a communication addressed to a United Kingdom person.'.
Mr David Heathcoat-Amory 107 Clause 20, page 9, line 11, after 'which' insert 'is carried on as a business and'.
Mr David Heathcoat-Amory 112 Schedule 2, page 192, line 11, leave out from 'activities' to end of line 12 and insert 'are those described in general terms in this Part of this Schedule and other matters, as determined by the Treasury, of a similar nature.'.
Mr David Heathcoat-Amory 113 Schedule 2, page 192, line 30, after 'another' insert 'which consists of or includes investments, or may do so'.
Mr David Heathcoat-Amory 114 Schedule 2, page 192, line 39, after 'persons' insert 'in their capacity as investors or potential investors.'.
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| ©Parliamentary copyright 1998 | Prepared 20 Jul 1999 |