Amendments proposed to the Financial Services and Markets Bill - continued House of Commons

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Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

243

Clause     49,     page     23,     line     5,     after 'refuse', insert 'or revoke'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

265

Clause     49,     page     23,     line     5,     after 'Part', insert 'or to impose a requirement under section 38'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

266

Clause     49,     page     23,     line     7,     after 'application', insert 'or imposes a requirement under section 38'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

267

Clause     50,     page     23,     line     17,     leave out 'written' and insert 'a warning'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

268

Clause     50,     page     23,     line     19,     leave out subsection (3).

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

269

Clause     50,     page     23,     line     27,     leave out 'written' and insert 'a decision'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

270

Clause     50,     page     23,     leave out lines 28 to 30.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

244

Clause     50,     page     23,     line     28,     at end insert 'which shall not be less than 14 days after the date of the decision to take the proposed action.'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

271

Clause     51,     page     23,     line     33,     after 'is', insert 'or will be'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

272

Clause     51,     page     23,     line     35,     after 'activity', insert 'arising from a contravention or likely contravention of a relevant requirement (as defined in section 334(5)).'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

273

Clause     51,     page     23,     line     38,     leave out 'proceeds' and insert 'proposes to proceed'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

274

Clause     51,     page     23,     line     38,     leave out 'written notice'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

275

Clause     51,     page     23,     line     39,     at end insert 'a warning notice (except that for this purpose the period specified in section 338(3) in which the authorised person may make representations to the Authority shall be the period specified in the warning notice).'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

276

Clause     51,     page     23,     line     40,     leave out from beginning to end of line 3 on page 24.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

277

Clause     51,     page     24,     line     5,     leave out 'notice under subsection (2)(a)' and insert 'warning notice'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

278

Clause     51,     page     24,     line     8,     after 'to', insert 'reinstate the permission varied or'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

279

Clause     51,     page     24,     line     10,     leave out 'written notice of the decision which it' and insert 'a decision notice'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

280

Clause     51,     page     24,     leave out lines 11 to 13.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

281

Clause     52,     page     24,     line     16,     at end insert—

    '(1A) The Authority shall give notice of its decision to refuse an application to the applicant and the provisions of sections 339 and 340 shall apply as if the notice was a decision notice.'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

282

Clause     52,     page     24,     line     17,     leave out from 'person' to end of line 18 and insert 'who is or may be affected may refer to the Tribunal any decision of the Authority to use its own initiative power.'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

283

Clause     56,     page     25,     line     39,     at end insert 'or allows it on a temporary basis subject to such terms and conditions as it considers appropriate'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

284

Clause     56,     page     26,     line     2,     at end insert 'or pending such approval allows it on a temporary basis subject to such terms and conditions as it considers appropriate.'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

285

Clause     56,     page     26,     line     4,     at end insert 'or acting as a director or other officer of A or of such a contractor of A as is mentioned in subsection (2).'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

286

Clause     56,     page     26,     line     14,     after 'with', insert 'or for'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

287

Clause     56,     page     26,     line     17,     leave out 'dealing with' and insert 'safeguarding the'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

288

Clause     56,     page     26,     line     33,     at the end insert ', but does not include any arrangement for bonus, salary or other remuneration.'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

289

Clause     57,     page     26,     line     38,     at the end insert '("the applicant")'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

290

Clause     59,     page     27,     line     41,     at end insert—

    '(1A) If no warning notice is given before the period of consideration the application shall be treated as granted.'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

291

Clause     59,     page     28,     leave out line 11 and insert—

    '(b) the candidate; and'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

292

Clause     59,     page     28,     line     12,     leave out 'A's' and insert 'the candidates'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

293

Clause     61,     page     29,     line     3,     at end insert—

    '(3A) If the code under subsection (2) specified descriptions of conduct within subsection (3)(a) it shall also specify descriptions of conduct within subsection (3)(b).'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

294

Clause     61,     page     29,     line     16,     leave out 'regulated' and insert 'controlled'.


   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

295

Clause     62,     page     29,     line     18,     after 'issue', insert 'or alter'.

   

Mr David Heathcoat-Amory
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

296

Clause     62,     page     29,     line     19,     after 'it', insert 'or, as the case may be, a draft of it as proposed to be altered'.

 
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©Parliamentary copyright 1998
Prepared 21 Oct 1999