| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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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.'.
Mr Chancellor of the Exchequer 276 Page 31, line 19 [Clause 67], at end insert—'( ) The Authority may charge a reasonable fee for providing a person with a copy of the statement.'.
Mr Chancellor of the Exchequer 277 Page 31, line 20 [Clause 67], leave out subsection (7).
Mr Chancellor of the Exchequer 278 Page 31, line 25 [Clause 67], leave out subsection (8) and insert—'(8) In exercising, or deciding whether to exercise, its power under section 63 in the case of any particular misconduct, the Authority must have regard to any statement of policy published under this section and in force at the time when the misconduct in question occurred.'.
Mr Chancellor of the Exchequer 279 Page 31, line 28 [Clause 67], leave out subsection (9).
Mr Chancellor of the Exchequer 408 Page 33, line 5 [Clause 71], leave out 'company' and insert 'body'.
Mr Chancellor of the Exchequer 409 Page 35, line 42 [Clause 77], after 'in' insert 'listing'.
Mr Chancellor of the Exchequer 410 Page 37, line 7 [Clause 80], leave out subsection (2).
Mr Chancellor of the Exchequer 411 Page 37, line 9 [Clause 80], leave out 'Any other' and insert 'A'.
Mr Chancellor of the Exchequer 412 Page 38, line 18 [Clause 83], leave out 'But this section is subject to the' and insert 'Subsection (1) is subject to'.
Mr Chancellor of the Exchequer 413 Page 38, line 26 [Clause 83], at end insert—'( ) Subsection (4) is subject to exemptions provided by Schedule 9'.
Mr Chancellor of the Exchequer 414 Page 38, line 41 [Clause 83], after 'particulars"' insert ', in subsection (1) and Schedule 9,'.
Mr William Hague 227 Page 39, line 26 [Clause 85], at end insert 'and the procedure on such an appeal'.
Mr William Hague 228 Page 39, line 30 [Clause 85], at end insert—'(4) The provisions of sections 349(3) to 349(5) shall apply in relation to the warning notices as if the competent authority was the Authority. (5) If, notwithstanding the representations made to the competent authority before the end of the period specified in the warning notice, the competent authority decides to impose a penalty on a person under section 84, the competent authority must give the person concerned written notice of the decision it takes and must inform him of the right of appeal available to him and the procedure on such an appeal. (6) The provisions of sections 350(1)(c), 350(6) and 351 shall apply to any such notice under subsection (5) as if it were a decision notice and the competent authority was the Authority.'.
Mr Chancellor of the Exchequer 280 Page 39, line 38 [Clause 86], leave out 'publish' and insert 'issue'.
Mr Chancellor of the Exchequer 281 Page 39, line 41 [Clause 86], leave out from 'to' to end of line 42 and insert 'any policy statement published under this section and in force at the time when the contravention in question occurred.'.
Mr Chancellor of the Exchequer 282 Page 40, line 1 [Clause 86], leave out from 'publish' to end of line 3 and insert 'a statement issued under this section in the way appearing to the competent authority to be best calculated to bring it to the attention of the public.'.
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| ©Parliamentary copyright 2000 | Prepared 26 Jan 2000 |