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7

 

House of Commons

 
 

Tuesday 28th October 2008

 

Public Bill Committee Proceedings

 

Banking Bill


 

[Fifth and Sixth Sittings]


 

Clauses 167 to 170 Agreed to.

 


 

Mr David Gauke

 

Mr Mark Hoban

 

Withdrawn  46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

 

Not called  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.’.

 

Clause Agreed to.

 

Clause 172 Agreed to.

 


 

Ian Pearson

 

Agreed to  19

 

Clause  173,  page  89,  line  11,   after ‘recognised’, insert ‘inter-bank’.

 

Clause, as amended, Agreed to.


 
 

Public Bill Committee Proceedings: 28th October 2008      

8

 

Banking Bill, continued

 
 

Clauses 174 to 179 Agreed to.

 


 

Mr David Gauke

 

Mr Mark Hoban

 

Withdrawn  39

 

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

 

Clause Agreed to.

 


 

Mr David Gauke

 

Mr Mark Hoban

 

Not called  40

 

Clause  181,  page  91,  line  4,  after ‘it’, insert ‘reasonably’.

 

Mr David Gauke

 

Mr Mark Hoban

 

Not called  41

 

Clause  181,  page  91,  line  9,  after ‘assist’, insert ‘substantially’.

 

Clause Agreed to.

 

Clauses 182 to 184 Agreed to.

 


 

Mr David Gauke

 

Mr Mark Hoban

 

Not called  42

 

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

 

Mr David Gauke

 

Mr Mark Hoban

 

Agreed to  43

 

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

 

Clause, as amended, Agreed to.

 

Clauses 186 to 189 Agreed to.

 


 

Mr David Gauke

 

Mr Mark Hoban

 

Not called  44

 

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


 
 

Public Bill Committee Proceedings: 28th October 2008      

9

 

Banking Bill, continued

 
 

Mr David Gauke

 

Mr Mark Hoban

 

Not called  45

 

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

 

Ian Pearson

 

Agreed to  20

 

Clause  190,  page  94,  line  7,  at end insert—

 

‘(4A)    

Subsection (4)—

 

(a)    

overrides a contractual or other requirement to keep information in

 

confidence, and

 

(b)    

is without prejudice to any other power to disclose information.’.

 

Clause, as amended, Agreed to.

 

Clauses 191 to 202 Agreed to.

 


 

Ian Pearson

 

Agreed to  21

 

Clause  203,  page  98,  line  7,  leave out ‘processes’.

 

Ian Pearson

 

Agreed to  22

 

Clause  203,  page  98,  line  8,  leave out ‘an insolvency process’ and insert

 

‘insolvency’.

 

Ian Pearson

 

Agreed to  23

 

Clause  203,  page  98,  line  18,  leave out ‘“insolvency process” means’ and insert ‘a

 

reference to “insolvency” includes a reference to’.

 

Ian Pearson

 

Agreed to  24

 

Clause  203,  page  98,  line  19,  leave out paragraph (a) and insert —

 

‘(a)    

liquidation,’.

 

Clause, as amended, Agreed to.

 

Clauses 204 and 205 Agreed to.

 


 

Ian Pearson

 

Agreed to  25

 

Clause  206,  page  99,  line  13,  leave out ‘an insolvency process’ and insert ‘a

 

provision about insolvency’.


 
 

Public Bill Committee Proceedings: 28th October 2008      

10

 

Banking Bill, continued

 
 

Ian Pearson

 

Agreed to  26

 

Clause  206,  page  99,  line  27,  leave out ‘bank insolvency or insolvency’ and insert

 

‘insolvency (within the meaning of section 203(6))’.

 

Ian Pearson

 

Agreed to  27

 

Clause  206,  page  99,  line  34,  leave out ‘, to bank insolvency or to insolvency’.

 

Clause, as amended, Agreed to.

 

Clauses 207 to 213 Agreed to.

 

[Adjourned till Thursday at 9.00 a.m.


 
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