Vote Bundle Text (991022-03)

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

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Mr Andrew Smith

359

*Clause 98, page 45, line 35, leave out 'induced' and insert 'required or encouraged'.

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

312

Clause 98, page 45, line 37, after 'may', insert ',after giving him an opportunity to make representations as to why a penalty should not be imposed,'.

Mr Andrew Smith

360

*Clause 99, page 46, line 1, at end insert—

'( ) The Authority's policy in determining what the amount of a penalty should be must include having regard to—

(a) whether the behaviour in respect of which the penalty is to be imposed had an adverse effect on the market in question and, if it did, how serious that effect was;

(b) the extent to which that behaviour was deliberate or reckless; and

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

313

Clause 102, page 46, line 38, leave out 'give' and insert 'serve personally on'.

Mr Andrew Smith

361

*Clause 103, page 47, line 8, leave out 'under section 98 or 138' and insert 'to impose penalties in market abuse cases'.

Mr Andrew Smith

362

*Clause 103, page 47, line 19, at end insert—

'( ) The Authority's powers to impose penalties in market abuse cases are its powers—

(a) to impose penalties under section 98; or

(b) to impose penalties under section 138 in a case falling within subsection (2)(b) of that section.'.

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

314

Clause 105, page 47, line 35, after 'General', insert ', the Advocate General for Scotland,'.

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

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

315

Clause 105, page 47, line 41, after 'State', insert ', the Lord Advocate,'.

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

145

Clause 105, page 47, line 45, at end insert—

'(d) otherwise means the Authority'.

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

316

Clause 107, page 48, line 9, after 'consulting', insert 'the Lord President of the Court of Session and'.

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

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

323

Schedule 11, page 218, line 10, at end insert—

'(b) that the standard of proof to be applied in the Tribunal shall be beyond reasonable doubt'.

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

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

147

Clause 112, page 50, line 12, at end add—

'(c) make provision about any regulated activity carried on at or from an establishment 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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

150

Clause 144, page 69, line 22, at end insert 'or under section 177'.

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

317

Clause 146, page 71, line 32, at end insert—

'(5A) A warrant under this section shall not authorise the taking of possession of any documents or information to which legal professional privilege applies'.

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

318

Clause 146, page 71, line 41, leave out 'justice of the peace or a'.

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

151

Clause 149, page 73, line 17, after 'the', insert 'voting'.

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

152

Clause 149, page 73, line 20, after 'the', insert 'voting'.

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

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

319

Clause 180, page 89, line 23, after '(b)', insert 'unless an appeal has been made to the Tribunal,'.

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

154

Clause 208, page 105, line 9, after 'communicated', insert 'to a person in the United Kingdom'.

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

155

Clause 208, page 105, line 11, after 'communicated,', insert 'to a person in the United Kingdom.'.

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

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
Mr Howard Flight
Mr Tim Loughton
Sir Nicholas Lyell
Mr Andrew Tyrie
Mr Keith Simpson

157

Clause 340, page 171, line 39, leave out subsection (7).

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

320

Clause 341, page 172, line 6, at end insert 'or'.

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

321

Clause 341, page 172, line 8, leave out from 'otherwise' to end of line 11.

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

322

Clause 341, page 172, line 14, leave out ', or is reckless as to whether it may induce,'.