| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Mr William Hague 238 Page 140, line 31, [Clause 275], leave out 'of any relevant complaint' and insert 'by an independent person of complaints'.
Mr William Hague 239 Page 140, line 33, [Clause 275], leave out subsection (2) and insert—'(2) The arrangements made by the Authority must provide for the investigator to report to the Authority on the result of his investigation and, if he considers a complaint to be well-founded, to make recommendations to the Authority on the steps (if any) which the recognised body should take to remedy the matter complained of. (3) If the investigator reports to the Authority that a complaint is well-founded, the Authority may direct the recognised body to take specified steps in response to the investigator's report. (4) Specified steps may include the payment by the recognised body of a specified sum or specified sums to a specified person or specified persons. (5) "Independent" means appearing to the Authority to be independent of the recognised body. (6) "Specified" means specified by the Authority.'.
Mr Chancellor of the Exchequer 141 Page 144, line 20 [Clause 281], leave out 'contained in an annual' and insert 'the subject of a'.
Mr William Hague 398 Page 145, line 26 [Clause 283], after '(c)', insert 'in his view reasonably'.
Mr William Hague 399 Page 145, line 29 [Clause 283], after 'information', insert 'which in the Director's view reasonably relates to any matter relevant to the investigation'.
Mr Chancellor of the Exchequer 142 Page 145, line 41 [Clause 283], leave out 'punish' and insert 'deal with'.
Mr Chancellor of the Exchequer 143 Page 145, line 42 [Clause 283], leave out from 'he' to end of line and insert 'were in contempt'.
Mr Chancellor of the Exchequer 144 Page 148, line 21 [Clause 288], leave out from 'and' to end of line 23 and insert 'in relation to which a recognition order is in force'.
Mr Chancellor of the Exchequer 145 Page 148, line 26 [Clause 288], leave out from 'and' to end of line 27 and insert 'in relation to which a recognition order is in force'.
Mr Chancellor of the Exchequer 330 Page 150, line 37 [Clause 291], leave out '("the effective date")'.
Mr Chancellor of the Exchequer 331 Page 150, line 38 [Clause 291], at end insert—'( ) A direction under subsection (1) must be published in the way appearing to the Authority to be best calculated to bring it to the attention of the public. ( ) The Authority may charge a reasonable fee for providing a person with a copy of the direction. ( ) The Authority must, without delay, give the Treasury a copy of any direction which it gives under this section.'.
Mr Chancellor of the Exchequer 332 Page 151, line 20 [Clause 293], at end insert—'( ) A direction under subsection (1) must be published in the way appearing to the Authority to be best calculated to bring it to the attention of the public. ( ) The Authority may charge a reasonable fee for providing a person with a copy of the direction. ( ) The Authority must, without delay, give the Treasury a copy of any direction which it gives under this section.'.
Mr Chancellor of the Exchequer 333 Page 151, line 21 [Clause 294], leave out 'If the Authority proposes to give' and insert 'Before giving'.
Mr Chancellor of the Exchequer 334 Page 151, line 22 [Clause 294], leave out 'it' and insert 'the Authority'.
Mr Chancellor of the Exchequer 335 Page 151, line 24 [Clause 294], leave out from beginning to 'and', in line 25, and insert 'a cost benefit analysis'.
Mr Chancellor of the Exchequer 336 Page 151, line 26 [Clause 294], leave out 'a statement' and insert 'notice'.
Mr Chancellor of the Exchequer 337 Page 151, line 27 [Clause 294], leave out 'reasonable' and insert 'specified'.
Mr Chancellor of the Exchequer 338 Page 151, line 30 [Clause 294], leave out from 'publish' to end of line 31 and insert 'an account, in general terms, of'.
Mr Chancellor of the Exchequer 339 Page 151, line 37 [Clause 294], leave out 'publish a statement' and insert '(in addition to complying with subsection (4)) publish details'.
Mr Chancellor of the Exchequer 340 Page 151, line 38 [Clause 294], leave out 'the statement' and insert 'those details'.
Mr Chancellor of the Exchequer 341 Page 151, line 42 [Clause 294], leave out from beginning to 'of' in line 4 on page 152 and insert—'( ) Neither subsection (2)(a) nor subsection (5)(b) applies if the Authority considers—
Mr Chancellor of the Exchequer 342 Page 152, line 10 [Clause 294], 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 William Hague 400 Page 156, line 13 [Clause 304], at end insert ', save that these rules shall not require any authorised person to whom section 246 of the Companies Act 1985 applies to produce accounts in a form not required by that section of that Act'.
Mr Chancellor of the Exchequer 146 Page 162, line 29 [Clause 314], leave out from beginning to 'may' and insert 'Information obtained as a result of subsection (1)'.
Mr Chancellor of the Exchequer 147 Page 162, line 41 [Clause 314], leave out from beginning to 'may' and insert 'Information obtained as a result of subsection (1)'.
Mr Chancellor of the Exchequer 148 Page 163, line 3 [Clause 314], leave out 'Revenue information' and insert 'information obtained as a result of subsection (1)'.
Mr Chancellor of the Exchequer 149 Page 163, line 9 [Clause 315], after '312' insert 'or 314(5)'.
Mr Chancellor of the Exchequer 150 Page 163, line 16 [Clause 315], leave out from 'if' to end of line 18, and insert ', in contravention of any provision of regulations made under section 313, he uses information which has been disclosed to him in accordance with the regulations'.
Mr Chancellor of the Exchequer 151 Page 163, line 18 [Clause 315], at end insert—'(3A) A person is guilty of an offence if, in contravention of subsection (4) of section 314, he uses information which has been disclosed to him in accordance with that section.'.
Mr Chancellor of the Exchequer 152 Page 163, line 19 [Clause 315], after '(3)' insert 'or (3A)'.
Mr Chancellor of the Exchequer 153 Page 163, line 25 [Clause 315], after second 'information' insert 'or that it had been disclosed in accordance with section 314'.
Mr William Hague 9 Page 177, line 19 [Clause 344], after 'effect', insert 'and the extent to which the market abuse was deliberate or reckless'.
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| ©Parliamentary copyright 2000 | Prepared 24 Jan 2000 |