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| | Regulation of Financial Services (Land Transactions) Bill
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| | | (1) | during proceedings on the Regulation of Financial Services (Land |
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| | | Transactions) Bill, in addition to its first meeting at 10.30 a.m. on Tuesday |
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| | | 5th July, the Standing Committee shall meet— |
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| | | (a) | at 4.30 p.m. on Tuesday 5th July, and |
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| | | (b) | at 9.00 a.m. and 2.00 p.m. on Thursday 7th July; |
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| | | (2) | the proceedings, so far as not previously concluded, shall be brought to a |
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| | | conclusion at 5.00 p.m. on Thursday 7th July; |
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| | | (3) | the Standing Committee recommends that the Programme Order of 23rd June |
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| | | 2005 relating to the Regulation of Financial Services (Land Transactions) |
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| | | Bill be varied as follows— |
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| | | (a) | paragraphs 4 and 5 shall be omitted; and |
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| | | (b) | proceedings on consideration and Third Reading shall (so far as not |
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| | | previously concluded) be brought to a conclusion three hours after |
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| | | commencement of proceedings on consideration. |
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| | Clause 1, page 2, line 6, at end add— |
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| | | ‘(4) | The provisions of this paragraph apply only where the property (or the relevant |
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| | | part of it subject to a finance arrangement under this Act) is valued at no less than |
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| | Clause 1, page 2, line 6, at end add— |
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| | | ‘(2) | In Part 2 of Schedule 2 to that Act, after paragraph 26 there is inserted— |
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| | | “Parliamentary monitoring |
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| | | 26A | On the second anniversary of the coming into force of paragraph 23A and |
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| | | annually thereafter the Chancellor of the Exchequer shall lay before Parliament a |
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| | | regulatory impact assessment of the operation of the provisions of that |
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| | | Bill to be reported without Amendment. |
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