| Amendments proposed to the Financial Services and Markets Bill - continued | House of Commons |
| back to previous text | |
|
Mr David Heathcoat-Amory 164 Schedule 10, page 211, line 23, at end insert ', to the extent that the offer is made to persons in the United Kingdom,'.
Mr David Heathcoat-Amory 140 Clause 95, page 43, line 42, leave out 'a true and fair' and insert 'not a false'.
Mr David Heathcoat-Amory 139 Clause 95, page 43, line 42, at end insert '; and—
Mr David Heathcoat-Amory 141 Clause 95, page 43, line 45, leave out 'who are unaware of the behaviour'.
Mr David Heathcoat-Amory 142 Clause 95, page 44, line 20, after 'which', insert 'the Treasury specifies and which'.
Mr David Heathcoat-Amory 143 Clause 98, page 45, line 35, leave out from beginning to 'another' and insert 'has procured'.
Mr David Heathcoat-Amory 144 Clause 105, page 47, line 36, after 'State', insert 'and must have regard to the views of the other relevant authorities'.
Mr David Heathcoat-Amory 145 Clause 105, page 47, line 45, at end insert—
Mr David Heathcoat-Amory 165 Schedule 11, page 217, line 39, at end insert 'and at least one member of the lay panel (not being connected with a party to the reference)'.
Mr David Heathcoat-Amory 146 Clause 108, page 48, leave out lines 40 and 41 and insert—'(6) No decision by the Authority which can be referred to the Tribunal shall have effect while the decision is open to review.'.
Mr David Heathcoat-Amory 147 Clause 112, page 50, line 12, at end add—
Mr David Heathcoat-Amory 148 Clause 112, page 51, line 32, at end add—'(9) If the Authority proposes to notify an authorised person under subsection (2)(a), it must give him a warning notice and, if it decides to impose the requirement, a decision notice as if the requirement to maintain resources at the appropriate level was the imposition of a penalty; and the authorised person may refer the matter to the Tribunal accordingly.'.
Mr David Heathcoat-Amory 149 Clause 125, page 57, line 22, at end insert 'and must, if it does not accept one or more of the representations, and before the rule comes into force, publish the reasons why it does not.'.
Mr David Heathcoat-Amory 150 Clause 144, page 69, line 22, at end insert 'or under section 177'.
Mr David Heathcoat-Amory 151 Clause 149, page 73, line 17, after 'the', insert 'voting'.
Mr David Heathcoat-Amory 152 Clause 149, page 73, line 20, after 'the', insert 'voting'.
Mr David Heathcoat-Amory 153 Clause 149, page 73, leave out lines 43 and 44 and insert—'(5) In this section, a person shall not be regarded as being able to exercise or control the exercise of voting powers if he cannot do so in his own discretion.'.
Mr David Heathcoat-Amory 154 Clause 208, page 105, line 9, after 'communicated', insert 'to a person in the United Kingdom'.
Mr David Heathcoat-Amory 155 Clause 208, page 105, line 11, after 'communicated,', insert 'to a person in the United Kingdom.'.
Mr David Heathcoat-Amory 156 Clause 338, page 170, line 15, leave out 'on which it relied' and insert 'relating to the matters covered by the warning notice'.
Mr David Heathcoat-Amory 157 Clause 340, page 171, line 39, leave out subsection (7).
Mr Andrew Smith 201 Clause 352, page 179, line 16, at end insert—'"Part XVI qualifier" has the meaning given in paragraph 1 of Schedule 5;'.
Mr Andrew Smith 202 Clause 352, page 180, leave out lines 2 to 5.
Mr David Heathcoat-Amory 158 Clause 356, page 183, line 4, at end add—'(8) An agreement or arrangement is not within subsection (4)(g) if the agreement or arrangement is for either H or the other person to acquire, hold or dispose of shares or other interests as agent or nominee on behalf of the other without it or the other person being able to exercise or control the exercise of voting powers in his own discretion.'.
Dr Vincent Cable 132 Clause 365, page 185, line 24, after 'Sections', insert '20,'.
NEW CLAUSESMaintenance of competition and promotion of United Kingdom competitiveness
Mr David Heathcoat-Amory NC1 To move the following Clause:—'.—The maintenance of competition and promotion of United Kingdom competitiveness objective referred to in section 2(2)(e) is: regulating in a way which does not unnecessarily impede competition in financial services and markets in the United Kingdom or by any category of authorised participants and which seeks to secure a regulatory regime in the United Kingdom which provides a competitive advantage internationally'.
Duty of Treasury to maintain competition and competitiveness
Mr David Heathcoat-Amory NC2 To move the following Clause:—'.—When deciding what regulations or orders the Treasury should make under this Act, or what other powers or discretions the Treasury should exercise under this Act, the Treasury must seek to meet the maintenance of competition and competitiveness objective and must have regard to the considerations set out in section 2(3) (c) and (d)'.
Improving the quality of investments
Dr Vincent Cable NC3 To move the following Clause:—'.—(1) The improving the quality of investments objective is: improving the quality of investments of a specific kind arranged by authorised persons in the course of carrying on regulated activities. (2) It includes, in particular—
|
| |
| ©Parliamentary copyright 1998 | Prepared 19 Oct 1999 |