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23

 

House of Commons

 
 

Thursday 21st June 2007

 

Public Bill Committee Proceedings

 

Legal Services Bill [Lords]


 

[SEVENTH AND EIGHTH SITTINGS]


 

Bridget Prentice

 

Agreed to on division  7

 

Clause  83,  page  48,  line  24,  leave out paragraph (e).

 

 

Clause, as amended, Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Henry Bellingham

 

Mr Tobias Ellwood

 

Simon Hughes

 

John Hemming

 

Withdrawn  211

 

Schedule  11,  page  183,  line  8,  at end insert—

 

‘( )    

Licensing rules may provide for fees to cover the whole cost to the licensing

 

authority of dealing with the application, whether the application is granted or

 

not.’.

 

Bridget Prentice

 

Agreed to  134

 

Schedule  11,  page  189,  line  43,  leave out ‘an interest in shares in the body’ and

 

insert ‘a shareholding in the licensed body, or a parent undertaking of the licensed body,’.

 

Bridget Prentice

 

Agreed to  135

 

Schedule  11,  page  189,  line  44,  at end insert—

 

‘( )    

if the relevant licensing rules make the provision mentioned in

 

paragraph 38(1)(aa) of that Schedule, a non-authorised person has

 

under those rules an entitlement to exercise, or control the exercise of,

 

voting rights in the licensed body or a parent undertaking of the

 

licensed body which exceeds the voting limit,’.


 
 

Public Bill Committee Proceedings: 21st June 2007          

24

 

Legal Services Bill [Lords], continued

 
 

Bridget Prentice

 

Agreed to  136

 

Schedule  11,  page  190,  line  1,  leave out ‘in which non-authorised persons have an

 

interest’ and insert ‘or a parent undertaking of the licensed body held by non-authorised

 

persons’.

 

Bridget Prentice

 

Agreed to  137

 

Schedule  11,  page  190,  line  2,  at end insert—

 

‘( )    

if the relevant licensing rules make the provision mentioned in

 

paragraph 38(1)(c) of that Schedule, the total proportion of voting

 

rights in the licensed body or a parent undertaking of the licensed body

 

which non-authorised persons are entitled to exercise, or control the

 

exercise of, exceeds the limit specified in the rules.’.

 

Schedule, as amended, Agreed to.

 

Clause 84 Agreed to.

 


 

Bridget Prentice

 

Agreed to on division  138

 

Schedule  12,  page  191,  line  24,  leave out ‘a’ and insert ‘an independent’.

 

Bridget Prentice

 

Agreed to  139

 

Schedule  12,  page  193,  line  24,  leave out ‘in shares’.

 

Bridget Prentice

 

Agreed to  140

 

Schedule  12,  page  193,  line  26,  leave out ‘in shares’.

 

Bridget Prentice

 

Agreed to  141

 

Schedule  12,  page  193,  line  29,  leave out ‘in shares’.

 

Bridget Prentice

 

Agreed to  142

 

Schedule  12,  page  193,  line  31,  leave out ‘in shares’.

 

Bridget Prentice

 

Agreed to  143

 

Schedule  12,  page  193,  line  32,  at end insert—

 

‘( )    

the kinds of non-authorised persons who have an indirect interest in

 

the licensable body.’.

 

Schedule, as amended, Agreed to.

 



 
 

Public Bill Committee Proceedings: 21st June 2007          

25

 

Legal Services Bill [Lords], continued

 
 

Bridget Prentice

 

Agreed to  113

 

Clause  85,  page  49,  line  39,  leave out ‘persons having an interest in shares,’ and

 

insert ‘non-authorised persons having an interest or an indirect interest,’.

 

Clause, as amended, Agreed to.

 

Clauses 86 to 89 Agreed to.

 


 

Bridget Prentice

 

Agreed to  144

 

Schedule  13,  page  194,  line  25,  leave out ‘has an interest in’ and insert ‘holds’.

 

Bridget Prentice

 

Agreed to  145

 

Schedule  13,  page  194,  line  27,  leave out ‘interest in shares’ and insert

 

‘shareholding’.

 

Bridget Prentice

 

Agreed to  146

 

Schedule  13,  page  194,  line  28,  leave out ‘has an interest in’ and insert ‘holds’.

 

Bridget Prentice

 

Agreed to  147

 

Schedule  13,  page  194,  line  31,  leave out ‘interest in shares’ and insert

 

‘shareholding’.

 

Bridget Prentice

 

Agreed to  148

 

Schedule  13,  page  194,  line  32,  leave out paragraph (e) and insert—

 

‘( )    

is entitled to exercise, or control the exercise of, voting power in B

 

which, if it consists of voting rights, constitutes at least 10% of the

 

voting rights in B,’.

 

Bridget Prentice

 

Agreed to  149

 

Schedule  13,  page  194,  line  35,  leave out ‘voting power in B’ and insert

 

‘entitlement to exercise, or control the exercise of, voting rights in B’.

 

Bridget Prentice

 

Agreed to  150

 

Schedule  13,  page  194,  line  36,  leave out paragraph (g) and insert—

 

‘( )    

is entitled to exercise, or control the exercise of, voting power in P

 

which, if it consists of voting rights, constitutes at least 10% of the

 

voting rights in P,’.

 

Bridget Prentice

 

Agreed to  151

 

Schedule  13,  page  194,  line  39,  leave out ‘voting power in P’ and insert

 

‘entitlement to exercise, or control the exercise of, voting rights in P’.


 
 

Public Bill Committee Proceedings: 21st June 2007          

26

 

Legal Services Bill [Lords], continued

 
 

Bridget Prentice

 

Agreed to  152

 

Schedule  13,  page  195,  line  15,  leave out ‘has an interest in’ and insert ‘holds’.

 

Bridget Prentice

 

Agreed to  153

 

Schedule  13,  page  195,  line  16,  leave out ‘has an interest in’ and insert ‘holds’.

 

Bridget Prentice

 

Agreed to  154

 

Schedule  13,  page  195,  line  19,  leave out ‘power’ and insert ‘rights’.

 

Bridget Prentice

 

Agreed to  155

 

Schedule  13,  page  195,  line  21,  leave out ‘power’ and insert ‘rights’.

 

Bridget Prentice

 

Agreed to  156

 

Schedule  13,  page  196,  line  1,  leave out ‘an interest in the shares of’ and insert ‘a

 

shareholding in’.

 

Bridget Prentice

 

Agreed to  157

 

Schedule  13,  page  196,  line  20,  after ‘V’, insert ‘(whether or not they are interests

 

within the meaning of section 72(2A))’.

 

Mr Jonathan Djanogly

 

Mr Henry Bellingham

 

Mr Tobias Ellwood

 

Simon Hughes

 

John Hemming

 

Negatived on division  212

 

Schedule  13,  page  197,  line  11,  at end insert ‘Licensing rules must provide that, in

 

determining whether the requirements of sub-paragraph 1 are met, the burden of proof

 

rests on the person who wishes to hold the restricted interest.’.

 

Bridget Prentice

 

Agreed to  158

 

Schedule  13,  page  197,  line  15,  leave out ‘an interest in’ and insert ‘holding’.

 

Bridget Prentice

 

Agreed to  159

 

Schedule  13,  page  197,  line  18,  leave out ‘power’ and insert ‘rights’.

 

Bridget Prentice

 

Agreed to  160

 

Schedule  13,  page  197,  line  24,  leave out ‘an interest in’ and insert ‘holding’.

 

Bridget Prentice

 

Agreed to  161

 

Schedule  13,  page  197,  line  27,  leave out ‘power’ and insert ‘rights’.


 
 

Public Bill Committee Proceedings: 21st June 2007          

27

 

Legal Services Bill [Lords], continued

 
 

Bridget Prentice

 

Agreed to  162

 

Schedule  13,  page  208,  line  29,  leave out ‘an interest in shares in a licensed body’

 

and insert ‘a shareholding in a licensed body, or in a parent undertaking of a licensed

 

body,’.

 

Bridget Prentice

 

Agreed to  163

 

Schedule  13,  page  208,  line  31,  at end insert—

 

‘(aa)    

a non-authorised person may not have an entitlement to exercise, or

 

control the exercise of, voting rights in a licensable body, or a parent

 

undertaking of a licensable body, which exceeds a limit specified in

 

the rules (“the voting limit”);’.

 

Bridget Prentice

 

Agreed to  164

 

Schedule  13,  page  208,  line  32,  leave out ‘in which non-authorised persons have an

 

interest’ and insert ‘, or a parent undertaking of a licensed body, held by non-authorised

 

persons’.

 

Bridget Prentice

 

Agreed to  165

 

Schedule  13,  page  208,  line  34,  at end insert—

 

‘(c)    

the total proportion of voting rights in a licensed body, or a parent

 

undertaking of a licensed body, which non-authorised persons are

 

entitled to exercise or control the exercise of, may not exceed a limit

 

specified in the rules.

 

( )    

Rules made under any paragraph of sub-paragraph (1) in relation to a licensed

 

body and a parent undertaking may specify different limits in relation to the

 

licensed body and the parent undertaking.’.

 

Bridget Prentice

 

Agreed to  166

 

Schedule  13,  page  208,  line  35,  leave out from ‘(1)(a)’ to end of line 37 and insert

 

‘or (aa) may provide that references in those rules to a person, in relation to a person’s

 

shareholding or entitlement to exercise or control the exercise of voting rights, are to—

 

(a)    

the person,

 

(b)    

any of the person’s associates, or

 

(c)    

the person and any of the person’s associates taken together.’.

 

Bridget Prentice

 

Agreed to  167

 

Schedule  13,  page  209,  line  2,  after ‘body’, insert ‘, or a parent undertaking of a

 

licensed body,’.

 

Bridget Prentice

 

Agreed to  168

 

Schedule  13,  page  209,  line  4,  at end insert ‘or (aa) in relation to the body.’.

 

Bridget Prentice

 

Agreed to  169

 

Schedule  13,  page  209,  line  5,  leave out from ‘acquires’ to ‘and’ in line 6 and insert

 

‘—


 
 

Public Bill Committee Proceedings: 21st June 2007          

28

 

Legal Services Bill [Lords], continued

 
 

(a)    

a shareholding in the body which exceeds the share limit, or

 

(b)    

an entitlement to exercise, or control the exercise of, voting rights in

 

the body which exceeds the voting limit,

 

            

must notify the body (and, if the body is a parent undertaking of a licensed

 

body, the licensed body)’.

 

Bridget Prentice

 

Agreed to  170

 

Schedule  13,  page  209,  line  21,   leave out ‘licensed body’ and insert ‘body (and, if

 

the body is a parent undertaking of a licensed body, the licensed body)’.

 

Bridget Prentice

 

Agreed to  171

 

Schedule  13,  page  209,  line  33,   leave out paragraph 41.

 

Bridget Prentice

 

Agreed to  172

 

Schedule  13,  page  209,  line  38,   leave out ‘relevant’.

 

Bridget Prentice

 

Agreed to  173

 

Schedule  13,  page  210,  line  2,   leave out ‘interest in shares in any body’ and insert

 

‘shareholding in a body corporate with a share capital’.

 

Bridget Prentice

 

Agreed to  174

 

Schedule  13,  page  210,  line  12,   leave out sub-paragraph (3) and insert—

 

      ‘()  

In sub-paragraph (1)(b), references to a person’s shareholding are to be read in

 

accordance with paragraph 3(3) or 4(2) (as the case may be).’.

 

Bridget Prentice

 

Agreed to  175

 

Schedule  13,  page  210,  line  15,   after ‘38(1)(a)’, insert ‘or (aa)’.

 

Bridget Prentice

 

Agreed to  176

 

Schedule  13,  page  210,  line  16,   leave out from ‘a’ to end of line 17 and insert

 

‘licensed body if—

 

(a)    

the person’s shareholding in the body, or a parent undertaking of the

 

body, exceeds the share limit, and the body or parent undertaking (as

 

the case may be) is a body corporate with a share capital, or

 

(b)    

the person’s entitlement to exercise or control the exercise of voting

 

rights in the body, or a parent undertaking of the body, exceeds the

 

voting limit by virtue of the person holding shares in a body corporate

 

with a share capital.’.

 

Bridget Prentice

 

Agreed to  177

 

Schedule  13,  page  210,  line  18,   leave out from ‘means’ to end of line 19 and

 

insert—

 

‘(a)    

in a case within sub-paragraph (1)(a), the number of shares by which

 

the person’s shareholding exceeds the share limit, and


 
 

Public Bill Committee Proceedings: 21st June 2007          

29

 

Legal Services Bill [Lords], continued

 
 

(b)    

in a case within sub-paragraph (1)(b), the number of shares held by the

 

person in excess of the number of shares the person could hold without

 

the person’s entitlement to exercise, or control the exercise of, voting

 

rights exceeding the voting limit.’.

 

Bridget Prentice

 

Agreed to  178

 

Schedule  13,  page  210,  line  20,   leave out sub-paragraph (3) and insert—

 

      ‘()  

References in this paragraph to a person’s shareholding (or holding of shares)

 

or entitlement are to be read in accordance with any applicable licensing rules

 

made under paragraph 38(2).’.

 

Bridget Prentice

 

Agreed to  179

 

Schedule  13,  page  210,  line  25,   leave out ‘relevant’.

 

Bridget Prentice

 

Agreed to  180

 

Schedule  13,  page  213,  line  20,   at end insert ‘or (aa).’.

 

Bridget Prentice

 

Agreed to  181

 

Schedule  13,  page  213,  line  22,   leave out from ‘where’ to end of line 24 and insert

 

‘a non-authorised person acquires—

 

(a)    

a shareholding in a licensed body or parent undertaking of a licensed

 

body which exceeds the share limit, or

 

(b)    

an entitlement to exercise, or control the exercise of, voting rights in a

 

licensed body or parent undertaking of a licensed body which exceeds

 

the voting limit.’.

 

Bridget Prentice

 

Agreed to  182

 

Schedule  13,  page  213,  line  36,   at end insert—

 

‘( )    

If the share limit or voting limit is breached in relation to a parent undertaking of

 

a licensed body, references in sub-paragraphs (3) and (6) to the licensed body

 

include the parent undertaking.’.

 

Bridget Prentice

 

Agreed to  183

 

Schedule  13,  page  214,  line  7,   at end insert—

 

‘( )    

If the share limit or voting limit is breached in relation to a parent undertaking of

 

a licensed body, references in sub-paragraphs (1) and (5) to the licensed body

 

include the parent undertaking.’.

 

Schedule, as amended, Agreed to.

 


 

Bridget Prentice

 

Agreed to  114

 

Clause  90,  page  51,  line  10,  leave out ‘or has an interest in shares’ and insert ‘or has

 

an interest or an indirect interest’.


 
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