| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Mr Chancellor of the Exchequer 96 Page 18, line 25 [Clause 40], leave out subsection (2).
Mr Chancellor of the Exchequer 97 Page 18, line 29 [Clause 40], leave out subsection (3).
Mr Chancellor of the Exchequer 98 Page 18, line 32 [Clause 40], at end insert—'( ) If, as a result of a variation of a Part IV permission under this section, there are no longer any regulated activities for which the authorised person concerned has permission, the Authority must, once it is satisfied that it is no longer necessary to keep the permission in force, cancel it.'.
Mr Chancellor of the Exchequer 99 Page 18, line 35 [Clause 40], leave out 'Part IV'.
Mr Chancellor of the Exchequer 100 Page 18, line 37 [Clause 40], leave out subsection (5).
Mr Chancellor of the Exchequer 101 Page 18, line 42 [Clause 41], leave out 'as mentioned in section 150'.
Mr Chancellor of the Exchequer 102 Page 19, line 7 [Clause 41], at end insert—'( ) Any reference to a person having acquired control is to be read in accordance with Part XI.'.
Mr Chancellor of the Exchequer 103 Page 19, line 25 [Clause 42], leave out from 'any' to 'may', in line 26, and insert 'case in which the Authority does not consider that the exercise of its own-initiative power is necessary in order to comply with a Community obligation, it'
Mr Chancellor of the Exchequer 104 Page 20, line 1 [Clause 43], leave out from 'Authority' to end of line 12 and insert—
(1A) A person on whom an assets requirement is imposed is referred to in this section as "A". (1B) "Assets requirement" means a requirement under section 38—
Mr William Hague 208 Page 20, line 8 [Clause 43], after 'by', insert 'A'.
Mr Chancellor of the Exchequer 105 Page 20, line 13 [Clause 43], leave out subsection (2).
Mr William Hague 209 Page 20, line 15 [Clause 43], leave out 'in connection with the imposition' and insert 'for the purposes.'.
Mr Chancellor of the Exchequer 106 Page 20, line 18 [Clause 43], leave out '(1)(a)' and insert '(1B)(a)'.
Mr William Hague 210 Page 20, line 24 [Clause 43], after 'A', insert 'or any other duty which it may owe A'.
Mr Chancellor of the Exchequer 107 Page 20, line 34 [Clause 43], leave out '(1)(b)' and insert '(1B)(b)'.
Mr Chancellor of the Exchequer 108 Page 20, line 35 [Clause 43], after 'released' insert 'or dealt with'.
Mr Chancellor of the Exchequer 109 Page 20, line 37 [Clause 43], leave out '(1)(b)' and insert '(1B)(b)'.
Mr William Hague 211 Page 20, line 40 [Clause 43], after 'liquidator', insert 'or administrator'.
Mr Chancellor of the Exchequer 110 Page 20, line 42 [Clause 43], leave out '(1)(b)' and insert '(1B)(b)'.
Mr William Hague 212 Page 20, line 43 [Clause 43], after 'A', insert 'or the Authority'.
Mr William Hague 213 Page 20, line 46 [Clause 43], after 'A', insert 'or the Authority'.
Mr William Hague 214 Page 21, line 5 [Clause 43], after 'property', insert 'or any other security interest'.
Mr William Hague 215 Page 21, line 5 [Clause 43], at end insert—
Mr Chancellor of the Exchequer 111 Page 21, line 8 [Clause 43], leave out '(1)(b)' and insert '(1B)(b)'.
Mr Chancellor of the Exchequer 112 Page 21, line 28 [Clause 45], leave out 'qualifying for authorisation under' and insert 'authorised as a result of'.
Mr Chancellor of the Exchequer 113 Page 21, line 33 [Clause 45], at end insert 'and'.
Mr Chancellor of the Exchequer 114 Page 21, line 34 [Clause 45], leave out from 'Treaty' to end of line 35.
Mr Chancellor of the Exchequer 407 Page 22, line 32, leave out Clause 48.
Mr William Hague 216 Page 23, line 5 [Clause 49], after 'Part', insert 'or to impose a requirement under section 38'.
Mr William Hague 217 Page 23, line 7 [Clause 49], after 'application', insert 'or imposes a requirement under section 38'.
Mr William Hague 218 Page 23, line 17 [Clause 50], leave out 'written' and insert 'a warning'.
Mr William Hague 219 Page 23, line 19 [Clause 50], leave out subsection (3).
Mr William Hague 220 Page 23, line 27 [Clause 50], leave out 'written' and insert 'a decision'.
Mr William Hague 221 Page 23 [Clause 50], leave out lines 28 to 30.
Mr Chancellor of the Exchequer 115 Page 24, line 15 [Clause 52], leave out from beginning to 'may' in line 16 and insert 'An applicant who is aggrieved by the determination of an application made under this Part'.
Mr William Hague 222 Page 24, line 16 [Clause 52], at end insert—'(1A) The Authority shall give notice of its decision to refuse an application to the applicant and the provisions of sections 350 and 351 shall apply as if the notice was a decision notice.'.
Mr William Hague 223 Page 24, line 17 [Clause 52], 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 Chancellor of the Exchequer 116 Page 25, line 1 [Clause 53], leave out subsection (7).
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| ©Parliamentary copyright 2000 | Prepared 24 Jan 2000 |