| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Dr Vincent Cable 445 Page 202, line 17 [Schedule 2], after 'contract', insert ', except where the investment is provided by a registered friendly society (within the meaning of the Friendly Societies Act 1974) and the assets of that registered friendly society do not exceed £10,000.'.
Dr Vincent Cable 446 Page 204, line 37 [Schedule 2], after '1992', insert ', except where the investment is provided by a registered friendly society (within the meaning of the Friendly Societies Act 1974) and the assets of that registered friendly society do not exceed £10,000.'.
Dr Vincent Cable 444 Page 205, line 12 [Schedule 2], at end insert—
Mortgages for house purchase '23A. The provision of loans for the purchase of property for residential use, where the obligation of the borrower to repay the lender is secured on the value of the property in question.'.
Mr Chancellor of the Exchequer 158 Page 208, line 3 [Schedule 3], leave out 'of his home state regulator' and insert 'in which he has his head office'
Mr William Hague 39 Page 208, line 34 [Schedule 3], after 'Kingdom', insert 'for the purpose of carrying on the activities in question'.
Mr William Hague 40 Page 209, line 20 [Schedule 3], after 'Kingdom', insert 'by carrying on the activities in question'.
Mr William Hague 41 Page 209, line 22 [Schedule 3], after 'notice', insert 'of the firm's intention to provide services in the United Kingdom by carrying on the activities in question.'.
Mr William Hague 42 Page 209, line 28 [Schedule 3], after 'Kingdom', insert 'by carrying on the activities in question.'
Mr Chancellor of the Exchequer 159 Page 210, line 2 [Schedule 3], leave out '13 or 14' and insert '12'.
Mr Chancellor of the Exchequer 160 Page 210, line 5 [Schedule 3], after 'branch' insert '(if it satisfies the establishment conditions)'
Mr Chancellor of the Exchequer 161 Page 210, line 6 [Schedule 3], after 'Kingdom' insert '(if it satisfies the service conditions)'
Mr Chancellor of the Exchequer 162 Page 210, line 9 [Schedule 3], at end insert—'( ) Sections 21, 39(1) and 147(1) of the Consumer Credit Act 1974 (business requiring a licence under that Act) do not apply in relation to the carrying on of a permitted activity which is Consumer Credit Act business by a firm which qualifies for authorisation as a result of paragraph 12, unless the Director General of Fair Trading has exercised the power conferred on him by section 177 in relation to the firm. ( ) "Consumer Credit Act business" has the same meaning as in section 177.'.
Mr Chancellor of the Exchequer 163 Page 210, line 15 [Schedule 3], leave out from beginning to 'change' and insert 'make provision as to any'.
Mr Chancellor of the Exchequer 164 Page 210, line 17 [Schedule 3], after 'Kingdom' insert 'and as to the procedure to be followed in relation to such cases'.
Mr Chancellor of the Exchequer 165 Page 210, line 34 [Schedule 3], at end insert—'( ) The activities identified in a notice of intention may include activities which are not regulated activities.'.
Mr Chancellor of the Exchequer 166 Page 211, line 27 [Schedule 3], leave out 'providing services' and insert 'conducting business'.
Mr Chancellor of the Exchequer 167 Page 211, line 46 [Schedule 3], at end insert—'( ) The activities identified in a notice of intention may include activities which are not regulated activities.'.
Mr Chancellor of the Exchequer 168 Page 212, line 28 [Schedule 3], leave out from beginning to 'change' and insert 'make provision as to any'.
Mr Chancellor of the Exchequer 169 Page 212, line 30 [Schedule 3], after 'on' insert 'and as to the procedure to be followed in relation to such cases'.
Mr Chancellor of the Exchequer 170 Page 212, line 36 [Schedule 3], at end insert—'.—(1) Sub-paragraph (2) applies if a UK firm—
(2) The Authority may exercise its power under section 40 in respect of the firm if the Director of Fair Trading has informed the Authority that—
has done any of the things specified in paragraphs (a) to (d) of section 25(2) of the Consumer Credit Act 1974. (3) "Associate", "Consumer Credit Act business" and "controller" have the same meaning as in section 177. .—(1) Sub-paragraph (2) applies if a UK firm—
(2) If requested to do so by the host state regulator in the EEA State in which the UK firm's business is being carried on, the Authority may impose any requirement in relation to the firm which it could impose if—
Mr William Hague 43 Page 212, line 41 [Schedule 4], at end insert—'"EEA credit institution" means an EEA firm falling within paragraph 5(b) of Schedule 3 whose authorisation under the first and second Banking Co-ordination Directives covers one or more investment services (within the meaning of the Investment Services Directive):'.
Mr William Hague 44 Page 213, line 13 [Schedule 4], at beginning insert 'except where the firm is an EEA credit institution.'.
Mr William Hague 47 Page 213, line 19 [Schedule 4], after 'right', insert 'or, where carrying on the activity constitutes the provision of services in the United Kingdom, cannot use an EEA right,'.
Mr William Hague 48 Page 213, line 19 [Schedule 4], after 'activity', insert 'or, where carrying on the activity constitutes the provision of services in the United Kingdom, the firm is carrying on that activity from outside the United Kingdom.'.
Mr William Hague 45 Page 213, line 30 [Schedule 4], after 'activity', insert 'which is a regulated activity'.
Mr William Hague 46 Page 213, line 36 [Schedule 4], after 'on', insert 'a permitted activity which is'.
Mr Chancellor of the Exchequer 171 Page 214, line 20 [Schedule 5], leave out from 'scheme' to end of line 21 and insert 'is an authorised person'.
Mr Chancellor of the Exchequer 172 Page 214, line 23 [Schedule 5], leave out 'operator of an'.
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