| Amendments proposed to the Financial Services and Markets Bill, As Amended - continued | House of Commons |
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Sir Nicholas Lyell 405 Page 3, line 19 [Clause 6], leave out 'by a regulated person' and insert '—
Mr William Hague 193 Page 3, line 30 [Clause 6], at end insert—'(2A) In order to meet that objective the Authority must maintain procedures for monitoring the financial system to identify possible financial crime and to alert consumers and regulated persons about its suspicions as soon as practicable.'
Mr William Hague 194 Page 3, line 39 [Clause 6], at end insert—'(6) "Consumers" has the same meaning as in section 5.'
Mr William Hague 15 Page 4, line 10 [Clause 8], leave out from 'The' to end of line and insert 'Treasury shall appoint appropriate representative bodies within the financial services industry to nominate representatives to the Practitioner Panel, comprising'.
Mr William Hague 26 Page 4, line 15 [Clause 8], leave out 'as it considers appropriate'.
Mr William Hague 236 Page 4, line 15, [Clause 8], at end insert—'(6) Before appointing any person to the Practitioner Panel the Authority must consult persons representing the interests of practitioners, as it considers appropriate, with a view to identifying candidates for appointment to the Practitioner Panel.'.
Mr William Hague 195 Page 5, line 19 [Clause 11], at end insert—'(2A) Subsection (1) does not apply to any document which a person could not be compelled to give or produce in civil proceedings before the court or which has been supplied to the Authority by or on behalf of that person subject to a condition that such document and its contents shall not be disclosed by the Authority to any other person.'
Mr William Hague 196 Page 7, line 3 [Clause 14], at end insert—'(4A) If a person ("A") offers to produce a document for the purposes of an inquiry under section 13 which he could not be compelled to produce or disclose in civil proceedings before the court, the person appointed to hold the inquiry may agree with A that such document and its contents shall not be disclosed by him to any person without A's consent; and, if so, the person appointed to hold the inquiry shall not produce or disclose, and shall not be compelled to produce or disclose, to any person such document or its contents.'
Mr William Hague 197 Page 7, line 20 [Clause 15], leave out 'must' and insert 'shall be entitled to'.
Mr William Hague 198 Page 8, line 4 [Clause 17], leave out 'a regulated activity in the United Kingdom' and insert 'one or more regulated activities in the United Kingdom as a business'.
Mr Chancellor of the Exchequer 67 Page 8, line 7 [Clause 17], leave out 'in relation to that activity'.
Mr William Hague 4 Page 8, line 21 [Clause 19], leave out from 'communicate' to 'activity' in line 22 and insert 'or cause to be communicated—
Mr William Hague 5 Page 8, line 28 [Clause 19], leave out 'capable of having an effect' and insert 'intended to be acted on by a person'.
Mr William Hague 185 Page 8, line 34 [Clause 19], leave out 'The Treasury may by order specify' and insert—'Subsection (1) does not apply in the case of an oral communication which does not constitute an invitation to engage in investment activity and the Treasury may by order specify other'.
Mr Chancellor of the Exchequer 68 Page 8, line 35 [Clause 19], leave out 'rules made under section 118' and insert 'financial promotion rules'.
Mr Chancellor of the Exchequer 406 Page 9, line 15 [Clause 20], after 'which' insert 'is carried on by way of business and'.
Dr Vincent Cable 27 Page 9, line 23 [Clause 20], at end insert—'(6) The first order to be made under subsection (5) shall be made within six months of the passing of this Act.'.
Mr Chancellor of the Exchequer 243 Page 10, line 30 [Clause 24], leave out '("the provider")'.
Mr Chancellor of the Exchequer 244 Page 11, line 33 [Clause 26], leave out 'provider' and insert 'person carrying on the regulated activity concerned'.
Mr Chancellor of the Exchequer 245 Page 11, line 36 [Clause 26], leave out from 'not' to 'that', in line 37, and insert 'know'.
Mr Chancellor of the Exchequer 246 Page 12, line 13 [Clause 27], leave out 'as a direct or indirect result' and insert 'in consequence'
Mr Chancellor of the Exchequer 247 Page 12, line 20 [Clause 27], leave out 'as a direct or indirect result' and insert 'in consequence'.
Mr Chancellor of the Exchequer 248 Page 12, line 32 [Clause 27], leave out from 'that' to end of line 4, on page 13, and insert 'the enforcement conditions are met.( ) The enforcement conditions are that it is just and equitable for the agreement or obligation to be enforced or (as the case may be) for the money or property paid or transferred under the agreement to be retained and—
( ) "Applicant" means the person seeking to enforce the agreement or obligation or retain the money or property paid or transferred. ( ) Any reference to making a communication includes causing a communication to be made.'.
Mr William Hague 34 Page 13, line 29 [Clause 28], at end insert—
Mr Chancellor of the Exchequer 69 Page 14, line 15 [Clause 30], leave out from 'person' to end of line 16.
Mr Chancellor of the Exchequer 70 Page 14, line 17 [Clause 31], after 'under' insert 'Part II of'.
Mr Chancellor of the Exchequer 71 Page 14, line 23 [Clause 31], leave out 'Schedule 3 authorisation' and insert 'authorisation under Part II of Schedule 3'.
Mr Chancellor of the Exchequer 72 Page 14, line 25 [Clause 31], after 'under' insert 'Part II of'.
Mr Chancellor of the Exchequer 73 Page 14, line 34 [Clause 33], leave out 'Part XVI qualifier' and insert 'person authorised as a result of paragraph 1(1) of Schedule 5'.
Mr Chancellor of the Exchequer 74 Page 14, line 35 [Clause 33], leave out 'a Part XVI qualifier' and insert 'such a person'.
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| ©Parliamentary copyright 2000 | Prepared 9 Feb 2000 |