Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Mr Chancellor of the Exchequer 173 Page 214, line 23 [Schedule 5], leave out 'qualifies for authorisation' and insert 'is an authorised person'.
Mr Chancellor of the Exchequer 174 Page 214, line 25 [Schedule 5], leave out sub-paragraph (4).
Mr Chancellor of the Exchequer 175 Page 214, line 28 [Schedule 5], leave out from 'person' to 'paragraph' and insert 'authorised as a result of'.
Mr Chancellor of the Exchequer 176 Page 214, line 30 [Schedule 5], after 'activity,' insert 'appropriate to the capacity in which he acts'.
Mr Chancellor of the Exchequer 177 Page 214, line 33 [Schedule 5], leave out from 'person' to 'paragraph' and insert 'authorised as a result of'.
Mr Chancellor of the Exchequer 442 Page 214, line 38 [Schedule 5], leave out from beginning to end of line 41.
Mr William Hague 200 Page 215, line 4 [Schedule 6], after '36', insert 'PERMISSION AND'.
Mr Chancellor of the Exchequer 178 Page 215, line 5 [Schedule 6], leave out paragraph 1.
Mr William Hague 201 Page 215, line 5 [Schedule 6], after second 'to', insert 'the continuance of'.
Mr Chancellor of the Exchequer 179 Page 215, line 9 [Schedule 6], leave out from 'If' to 'or' in line 11, and insert 'the regulated activity concerned is the effecting or carrying out of insurance contracts, the authorised person must be a body corporate, a registered friendly society'.
Mr William Hague 202 Page 215, line 27 [Schedule 6], leave out 'or territory'.
Mr William Hague 203 Page 215, line 31 [Schedule 6], leave out from 'office' to end of line 32 and insert 'or carry on business in the United Kingdom; and
Mr William Hague 204 Page 216, line 33 [Schedule 6], leave out 'an additional permission' and insert 'a permission under Part IV.'
Mr William Hague 205 Page 216, line 35 [Schedule 6], leave out 'additional' and insert 'a Part IV'.
Mr Chancellor of the Exchequer 443 Page 218, line 23 [Schedule 7], leave out 'enactment' and insert 'primary or subordinate legislation (including any provision of, or made under, this Act)'.
Mr William Hague 56 Page 227 [Schedule 11], leave out lines 14 to 21 and insert
Mr William Hague 57 Page 227, line 34 [Schedule 11], leave out 'seven' and insert 'ten'.
Mr William Hague 58 Page 227, line 36 [Schedule 11], leave out 'seven' and insert 'ten'.
Mr William Hague 59 Page 227, line 38 [Schedule 11], leave out 'seven' and insert 'ten'.
Mr William Hague 60 Page 227, line 41 [Schedule 11], leave out 'seven' and insert 'ten'.
Mr William Hague 61 Page 227, line 41 [Schedule 11], at end insert'(d) he is a judge of the High Court or of the Court of Session.'.'
Mr William Hague 62 Page 227, line 42 [Schedule 11], after 'is', insert 'a judge of the Court of Session or'.
Mr William Hague 63 Page 228, line 11 [Schedule 11], leave out from 'The' to 'determine' in line 15 and insert 'Secretary of State shall pay
such remuneration and such travelling and other allowances as he may, with the approval of the Treasury,'.
Mr William Hague 64 Page 230, line 21 [Schedule 11], after 'unreasonable', insert 'or based on an ill founded view'.
Mr Chancellor of the Exchequer 180 Page 234, line 37 [Schedule 14], leave out 'received or anticipated from fees' and insert 'of the scheme operator arising or expected to arise from the operation of the scheme'.
Mr Chancellor of the Exchequer 181 Page 237, line 11 [Schedule 14], at end insert'( ) The standard terms may, in particular
Dr Vincent Cable 1 Page 239, line 5 [Schedule 15] at end insert'7A. In section 13 (control of subsidiaries and other bodies corporate),
7B. In section 52 (applications to court), in subsection (2)(d) for "mentioned in Schedule 7 to" substitute "authorised by virtue of section 13(2)(a) of". 7C. Omit Schedule 7 (activities which may be carried on by a subsidiary of or body jointly controlled by an incorporated friendly society).'.
Mr Chancellor of the Exchequer 182 Page 240, line 14 [Schedule 16], at end insert
'The Income and Corporation Taxes Act 1988 (c. 1) .(1) The Income and Corporation Taxes Act 1988 is amended as follows.(2) In section 76 (expenses of management: insurance companies), in subsection (8), omit the definitions of
(3) In section 468 (authorised unit trusts), in subsections (6) and (8), for "78 of the Financial Services Act 1986" substitute "217 of the Financial Services and Markets Act 2000". (4) In section 469(7) (other unit trust schemes), for "Financial Services Act 1986" substitute "Financial Services and Markets Act 2000". (5) In subsection (1) of section 632 (establishment of personal pension schemes)
(7) Omit subsections (2ZA) and (2B) of that section. (8) In section 728 (information in relation to transfers of securities), in subsection (7)(a), for "Financial Services Act 1986" substitute "Financial Services and Markets Act 2000". (9) In section 840A (meaning of "bank")
(10) In section 841(3) (power to apply certain provisions of the Tax Acts to recognised investment exchange), for "Financial Services Act 1986" substitute "Financial Services and Markets Act 2000".
The Finance Act 1991 (c. 31) .(1) The Finance Act 1991 is amended as follows.(2) In section 47 (investor protection schemes), omit subsections (1), (2) and (4). (3) In section 116 (investment exchanges and clearing houses: stamp duty), in subsection (4)(b), for "Financial Services Act 1986" substitute "Financial Services and Markets Act 2000".'.
Mr Chancellor of the Exchequer 183 Page 241, line 23 [Schedule 17], at end insert
Dr Vincent Cable 2 Page 241, line 24 [Schedule 17], column 3, at beginning insert 'Section 13 (8).'.
Dr Vincent Cable 3 Page 241, line 24 [Schedule 17], column 3, at end insert 'Schedule 7.'.
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©Parliamentary copyright 2000 | Prepared 1 Feb 2000 |