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

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Mr Chancellor of the Exchequer

105

Page     20,     line     13     [Clause     43],     leave out subsection (2).

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

212

Page     20,     line     43     [Clause 43],     after 'A', insert 'or the Authority'.

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

213

Page     20,     line     46     [Clause     43],     after 'A', insert 'or the Authority'.


   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

214

Page     21,     line     5     [Clause     43],     after 'property', insert 'or any other security interest'.

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

215

Page     21,     line     5     [Clause     43],     at end insert—

      '(9A) "Investors" means persons who are consumers as defined in section 5 in relation to services provided or to be provided by A.'.

   

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

216

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

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

217

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

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

218

Page     23,     line     17     [Clause     50],     leave out 'written' and insert 'a warning'.

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

219

Page     23,     line     19     [Clause     50],     leave out subsection (3).

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

220

Page     23,     line     27     [Clause     50],     leave out 'written' and insert 'a decision'.

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

221

Page     23     [Clause     50],     leave out lines 28 to 30.


   

Mr Chancellor of the Exchequer

116

Page     25,     line     1     [Clause     53],     leave out subsection (7).


   

Dr Vincent Cable
Mr Brian Cotter
Mr Colin Breed

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

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
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

225

Page     29,     line     1     [Clause     62], after 'issue', insert 'or alter'.

   

Mr William Hague
Mr Francis Maude [R]
Mr David Heathcoat-Amory
Mr Howard Flight [R]
Sir Nicholas Lyell
Mr Tim Loughton [R]

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 '—

      (a) a cost benefit analysis; and

      (b) notice'.

   

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'.

 
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Prepared 26 Jan 2000