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Amendments proposed to the Enterprise Bill, As Amended - continued House of Commons

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Ms Secretary Hewitt

353

Page     284,     line     41     [Schedule     17],     at end insert—

    '(3) After subsection (3) insert—

          "(3A)   In subsection (3) the reference to making an administration application includes a reference to—

      (a) appointing an administrator under paragraph 12 or 20 of Schedule B1 to the 1986 Act, or

(b) filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs."'.

   

Ms Secretary Hewitt

140

Page     284,     line     41     [Schedule     17],     at end insert—

     '46A For section 359 (administration order) substitute—

          "359Administration order    (1)   The Authority may make an administration application under Schedule B1 to the 1986 Act (or present a petition under Article 22 of the 1989 Order) in relation to a company or insolvent partnership which—

      (a) is or has been an authorised person,

(b) is or has been an appointed representative, or

(c) is carrying on or has carried on a regulated activity in contravention of the general prohibition.

    (2)   Subsection (3) applies in relation to an administration application made (or a petition presented) by the Authority by virtue of this section.

    (3)   Any of the following shall be treated for the purpose of paragraph 9(a) of Schedule B1 to the 1986 Act (or Article 21(1)(a) of the 1989 Order) as unable to pay its debts—

(a) a company or partnership in default on an obligation to pay a sum due and payable under an agreement, and

(b) an authorised deposit taker in default on an obligation to pay a sum due and payable in respect of a relevant deposit.

    (4)   In this section—

"agreement" means an agreement the making or performance of which constitutes or is part of a regulated activity carried on by the company or partnership,"authorised deposit taker" means a person with a Part IV permission to accept deposits (but not a person who has a Part IV permission to accept deposits only for the purpose of carrying on another regulated activity in accordance with that permission),"company" means a company—

(a) in respect of which an administrator may be appointed under Schedule B1 to the 1986 Act, or

(b) to which Article 21 of the 1989 Order applies, and

"relevant deposit" shall, ignoring any restriction on the meaning of deposit arising from the identity of the person making the deposit, be construed in accordance with—

(a) section 22,

(b) any relevant order under that section, and

(c) Schedule 2.

    (5)   The definition of "authorised deposit taker" in subsection (4) shall be construed in accordance with—

(a) section 22,

(b) any relevant order under that section, and

(c) Schedule 2."'.


   

Ms Secretary Hewitt

354

Page     285,     line     21     [Schedule     17],     after 'to', insert—

      '(a) '.

   

Ms Secretary Hewitt

355

Page     285,     line     24     [Schedule     17],     after '(c).",', insert 'or

      (b) the filing with the court of a copy of notice of intention to appoint an administrator under either of those paragraphs."'.


   

Ms Secretary Hewitt

321

Page     169,     line     10     [Clause     244],     leave out 'or is expected to incur' and insert ', or when the agreement was entered into was expected to incur,'.


   

Ms Secretary Hewitt

322

Page     170,     line     11     [Clause     244],     leave out 'a project company incurs or is expected to incur' and insert 'under an agreement relating to the project a project company incurs, or when the agreement is entered into is expected to incur,'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

13

Page     170,     line     27     [Clause     244],     at end insert—

    '72FA Sixth exception: Registered Social Landlords    1.   Section 72A does not prevent the appointment of an administrative receiver of a company which is a registered social landlord at the time of the appointment.

    2.   Section 72A does not prevent the appointment of an administrative receiver of a company which, at the time of the creation of the relevant qualifying floating charge, was either:

(a) a registered social landlord; or

(b) a housing association registered as such in the register previously maintained pursuant to Part I of the Housing Associations Act 1985.

    3.   In subsections (1) and (2) "registered social landlord" means a body registered as a social landlord pursuant to section 3 of the Housing Act 1985 or, as the case may be, section 57 of the Housing (Scotland) Act 2001.'.


   

Ms Secretary Hewitt

356

Page     287,     line     34     [Schedule     18],     after 'a' insert 'person who is, when the agreement mentioned in section 72B(1) is entered into, a'.

   

Ms Secretary Hewitt

357

Page     287,     line     34     [Schedule     18],     after 'individual' insert 'in relation to a communication'.

   

Ms Secretary Hewitt

358

Page     287,     line     37     [Schedule     18],     leave out 'and'.

   

Ms Secretary Hewitt

359

Page     287,     line     38     [Schedule     18],     after 'a' insert 'person who is, when the agreement mentioned in section 72B(1) is entered into, a'.

   

Ms Secretary Hewitt

360

Page     287,     line     38     [Schedule     18],     after 'investor' insert 'in relation to a communication'.

   

Ms Secretary Hewitt

361

Page     287,     line     39     [Schedule     18],     at end insert—

          ', and

            ()   a person in a State other than the United Kingdom who under the law of that State is not prohibited from investing in bonds or commercial paper.'.

   

Ms Secretary Hewitt

362

Page     287,     line     45     [Schedule     18],     at end insert—

    '() For the purposes of sub-paragraph (1)—

            (a)   in applying article 19(5) of the Financial Promotion Order for the purposes of sub-paragraph (1)(a)—

        (i) in article 19(5)(b), ignore the words after "exempt person",

        (ii) in article 19(5)(c)(i), for the words from "the controlled activity" to the end substitute "a controlled activity", and

        (iii) in article 19(5)(e) ignore the words from "where the communication" to the end, and

            (b)   in applying article 49(2) of that order for the purposes of sub-paragraph (1)(c), ignore article 49(2)(e).'.


   

Ms Secretary Hewitt

363

Page     288,     line     2     [Schedule     18],     leave out 'section 72B and paragraph 1 of' and insert 'sections 72B and 72E and'.

   

Ms Secretary Hewitt

364

Page     288,     line     18     [Schedule     18],     leave out 'contractual entitlement' and insert 'entitlement under an agreement'.

   

Ms Secretary Hewitt

365

Page     288,     line     19     [Schedule     18],     leave out 'contractual responsibility' and insert 'responsibility under an agreement'.

   

Ms Secretary Hewitt

366

Page     288,     line     28     [Schedule     18],     leave out 'contractual responsibility' and insert 'responsibility under an agreement'.

   

Ms Secretary Hewitt

367

Page     288,     line     31     [Schedule     18],     leave out 'or'.

   

Ms Secretary Hewitt

368

Page     288,     line     33     [Schedule     18],     at end insert—

          ', or

            (e)   it is the holding company of a company within any of paragraphs (a) to (d).'.

   

Ms Secretary Hewitt

369

Page     288,     line     35     [Schedule     18],     after '(d),', insert 'or is within sub-paragraph (1)(e),'.

   

Ms Secretary Hewitt

370

Page     288,     line     36     [Schedule     18],     leave out from 'performs' to end of line 37 and insert 'a function which is not—

            (i)   within sub-paragraph (1)(a) to (d),

            (ii)   related to a function within sub-paragraph (1)(a) to (d), or

            (iii)   related to the project.'.


   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

83

Page     171,     line     31     [Clause     245],     at end insert 'and immediately after those words there shall be inserted "after deducting any amounts paid or payable by the Secretary of State in respect of such debts under Part XII of the Employment Rights Act 1996.".'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

84

Page     171,     line     31     [Clause     245],     at end insert—

    '(4)   In section 189 of the Employment Rights Act 1996 (Transfer to Secretary of State of Rights and Remedies) subsections (2) to (4) shall cease to have effect.'.


   

Ms Secretary Hewitt

98

Page     172,     [Clause     246],     leave out lines 32 to 34.



 
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Prepared 17 Jun 2002