| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Dr Vincent Cable 29 Page 27, line 10 [Clause 58], at end insert 'and demonstrates a commitment to engage in continuing education and professional development'.
Mr Chancellor of the Exchequer 117 Page 27, line 11 [Clause 58], leave out 'rules under section 110' and insert 'general rules'.
Mr William Hague 224 Page 27, line 35 [Clause 59], at end insert—'(2A) If no warning notice is given before the end of the period for consideration the application shall be treated as granted.'.
Mr Chancellor of the Exchequer 249 Page 28, line 24 [Clause 61], after 'code' insert 'issued'.
Mr Chancellor of the Exchequer 250 Page 28, line 31 [Clause 61], at end insert—'( ) The Authority may at any time alter or replace a statement or code issued under this section. ( ) If a statement or code is altered or replaced, the altered or replacement statement or code must be issued by the Authority. ( ) A statement or code issued under this section must be published by the Authority in the way appearing to the Authority to be best calculated to bring it to the attention to the public.'.
Mr Chancellor of the Exchequer 251 Page 28, line 32 [Clause 61], leave out 'issued under subsection (2)' and insert 'published under this section and in force'.
Mr Chancellor of the Exchequer 252 Page 28, line 37 [Clause 61], at end insert—'( ) A person is not to be taken to have failed to comply with a statement of principle if he shows that, at the time of the alleged failure, it or its associated code of practice had not been published. ( ) The Authority must, without delay, give the Treasury a copy of any statement or code which it publishes under this section.'.
Mr Chancellor of the Exchequer 253 Page 28, line 40 [Clause 61], leave out 'for different cases' and insert 'in relation to persons, cases or circumstances of different descriptions.'.
Mr Chancellor of the Exchequer 254 Page 28, line 42 [Clause 61], at end insert—'( ) The Authority may charge a reasonable fee for providing a person with a copy of a statement or code published under this section.'.
Mr Chancellor of the Exchequer 255 Page 29, line 1 [Clause 62], leave out from beginning to 'must' and insert 'Before issuing a statement or code under section 61, the Authority'.
Mr William Hague 225 Page 29, line 1 [Clause 62], after 'issue', insert 'or alter'.
Mr William Hague 226 Page 29, line 2 [Clause 62], after 'it', insert 'or, as the case may be a draft of it as proposed to be altered'.
Mr Chancellor of the Exchequer 256 Page 29, line 4 [Clause 62], leave out 'a statement' and insert '—
Mr Chancellor of the Exchequer 257 Page 29, line 5 [Clause 62], leave out 'before the end of a specified period' and insert 'within a specified time'.
Mr Chancellor of the Exchequer 258 Page 29, line 7 [Clause 62], leave out 'a' and insert 'the proposed'.
Mr Chancellor of the Exchequer 259 Page 29, line 8 [Clause 62], leave out '(2)' and insert '(2)(b)'.
Mr Chancellor of the Exchequer 260 Page 29, line 8 [Clause 62], at end insert—'(3A) If the Authority issues the proposed statement or code it must publish an account, in general terms, of—
(3B) If the statement or code differs from the draft published under subsection (1) in a way which is, in the opinion of the Authority, significant—
(3C) Neither subsection (2)(a) nor subsection (3B)(b) applies if the Authority considers—
Mr Chancellor of the Exchequer 261 Page 29, line 9 [Clause 62], leave out 'Subsection (1) does' and insert 'Subsections (1) to (3C) do'.
Mr Chancellor of the Exchequer 262 Page 29, line 10 [Clause 62], leave out 'it' and insert 'them'.
Mr Chancellor of the Exchequer 263 Page 29, line 12 [Clause 62], leave out paragraph (a).
Mr Chancellor of the Exchequer 264 Page 29, line 13 [Clause 62], leave out from '61' to end of line 14.
Mr Chancellor of the Exchequer 265 Page 29, line 15 [Clause 62], leave out 'the statement or code' and insert 'a draft published under subsection (1)'.
Mr Chancellor of the Exchequer 266 Page 29, line 16 [Clause 62], at end insert—'( ) This section also applies to a proposal to alter or replace a statement or code.'.
Mr Chancellor of the Exchequer 267 Page 29, line 17 [Clause 62], leave out subsections (7) to (12).
Mr Chancellor of the Exchequer 268 Page 29, line 28 [Clause 62], at end insert—'( ) "Cost benefit analysis" means an estimate of the costs together with an analysis of the benefits that will arise—
( ) "The appropriate comparison" means—
Mr Chancellor of the Exchequer 269 Page 30, line 11 [Clause 63], leave out from 'when' to 'is' and insert 'a warning notice'.
Mr Chancellor of the Exchequer 270 Page 31, line 5 [Clause 67], leave out from 'and' to end of line 11 and insert 'issue a statement of its policy with respect to—
Mr Chancellor of the Exchequer 271 Page 31, line 11 [Clause 67], at end insert—'( ) The Authority's policy in determining what the amount of a penalty should be must include having regard to—
Mr Chancellor of the Exchequer 272 Page 31, line 12 [Clause 67], leave out 'any material published' and insert 'or replace a statement issued'.
Mr Chancellor of the Exchequer 273 Page 31, line 14 [Clause 67], leave out from 'If' to end of line and insert—'a statement issued under this section is altered or replaced, the Authority must issue the altered or replacement statement.'.
Mr Chancellor of the Exchequer 274 Page 31, line 15 [Clause 67], leave out subsection (5) and insert—'(5) The Authority must, without delay, give the Treasury a copy of any statement which it publishes under this section.'.
Mr Chancellor of the Exchequer 275 Page 31, line 17 [Clause 67], leave out subsection (6) and insert—'(6) A statement issued under this section must be published by the Authority in the way appearing to the Authority to be best calculated to bring it to the attention of the public.'.
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