29

House of Commons

Notices of Amendments

given on

Thursday 23rd October 2008

For other Amendment(s) see the following page(s):

Banking Bill Committee 21-28

Public Bill Committee

---

Banking Bill

Mr David Gauke

Mr Mark Hoban

39

Clause  180,  page  90,  line  34,  at end insert ‘acting reasonably’.

Mr David Gauke

Mr Mark Hoban

40

Clause  180,  page  91,  line  4,  after ‘it’, insert ‘reasonably’.

Mr David Gauke

Mr Mark Hoban

41

Clause  180,  page  91,  line  9,  after ‘assist’, insert ‘substantially’.

Mr David Gauke

Mr Mark Hoban

42

Clause  185,  page  91,  line  33,  after ‘England’, insert ‘reasonably’.

Mr David Gauke

Mr Mark Hoban

43

Clause  185,  page  91,  line  33,  leave out ‘think’ and insert ‘thinks’.

Mr David Gauke

Mr Mark Hoban

44

Clause  190,  page  93,  line  31,  after ‘Bank’, insert ‘reasonably’.

Notices of Amendments: 23rd October 2008

30

Banking Bill, continued

Mr David Gauke

Mr Mark Hoban

45

Clause  190,  page  93,  line  33,  after ‘otherwise’, insert ‘reasonably’.

Mr David Gauke

Mr Mark Hoban

46

Clause  171,  page  88,  line  18,  at end add—

‘(3)	The Treasury may make a recognition order in respect of an inter-bank payment

system only if the system is eligible for designation under the Financial Markets

and Insolvency (Settlement Finality) Regulations 1999.’.

Mr David Gauke

Mr Mark Hoban

47

Clause  171,  page  88,  line  18,  at end add—

‘(3)	The Treasury may make a recognition order in respect of an inter-bank payment

system only if the system has been designated under the Financial Markets and

Insolvency (Settlement Finality) Regulations 1999.’.

Mr Mark Todd

48

Clause  216,  page  103,  line  9,  leave out ‘, consulting the Treasury, determine and’.

Mr Mark Todd

49

Clause  216,  page  103,  line  11,  at end insert ‘and monitor the delivery of that

strategy’.

Mr Mark Todd

50

Clause  216,  page  103,  line  13,  leave out from ‘a’ to ‘consisting’ in line 14 and

insert ‘Financial Stability Committee’.

Mr Mark Todd

51

Clause  216,  page  103,  line  17,  at end insert ‘two other executives of the Bank

appointed by the Treasury, and’.

Mr Mark Todd

52

Clause  216,  page  103,  line  18,  leave out from ‘4’ to end of line 19 and insert ‘other

members appointed by the Treasury following a transparent appointment process

overseen by the Commissioner for Public Appointments.

(1A)	A person appointed under subsection (1)(c)—

(a)	must not be an executive of the Bank or a member of the court of

directors of the Bank;

(b)	must not be an active participant in financial markets;

(c)	should have recent experience of financial markets, knowledge of legal

or accountancy matters relevant to the special resolution regime under

the Banking Act 2008, and international experience.’.

Notices of Amendments: 23rd October 2008

31

Banking Bill, continued

Mr Mark Todd

53

Clause  216,  page  103,  leave out lines 21 to 23.

Mr Mark Todd

54

Clause  216,  page  103,  leave out lines 30 to 32.

Mr Mark Todd

55

Clause  216,  page  103,  line  33,  leave out ‘court of directors’ and insert ‘Treasury’.

Mr Mark Todd

56

Clause  216,  page  103,  leave out lines 42 and 43.

Mr Mark Todd

57

Clause  216,  page  104,  line  16,  leave out ‘to (e)’ and insert ‘or (c)’.

---

Revised 24 October 2008