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| Tuesday 28th October 2008 |
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| [Fifth and Sixth Sittings]
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| | Clauses 167 to 170 Agreed to. |
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| Clause 171, page 88, line 18, at end add— |
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| | ‘(3) | The Treasury may make a recognition order in respect of an inter-bank payment |
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| | system only if the system is eligible for designation under the Financial Markets |
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| | and Insolvency (Settlement Finality) Regulations 1999.’. |
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| Clause 171, page 88, line 18, at end add— |
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| | ‘(3) | The Treasury may make a recognition order in respect of an inter-bank payment |
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| | system only if the system has been designated under the Financial Markets and |
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| | Insolvency (Settlement Finality) Regulations 1999.’. |
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| Clause 173, page 89, line 11, after ‘recognised’, insert ‘inter-bank’. |
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| | Clause, as amended, Agreed to. |
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| | Clauses 174 to 179 Agreed to. |
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| Clause 180, page 90, line 34, at end insert ‘acting reasonably’. |
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| Clause 181, page 91, line 4, after ‘it’, insert ‘reasonably’. |
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| Clause 181, page 91, line 9, after ‘assist’, insert ‘substantially’. |
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| | Clauses 182 to 184 Agreed to. |
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| Clause 185, page 91, line 33, after ‘England’, insert ‘reasonably’. |
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| Clause 185, page 91, line 33, leave out ‘think’ and insert ‘thinks’. |
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| | Clause, as amended, Agreed to. |
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| | Clauses 186 to 189 Agreed to. |
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| Clause 190, page 93, line 31, after ‘Bank’, insert ‘reasonably’. |
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| Clause 190, page 93, line 33, after ‘otherwise’, insert ‘reasonably’. |
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| Clause 190, page 94, line 7, at end insert— |
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| | (a) | overrides a contractual or other requirement to keep information in |
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| | (b) | is without prejudice to any other power to disclose information.’. |
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| | Clause, as amended, Agreed to. |
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| | Clauses 191 to 202 Agreed to. |
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| Clause 203, page 98, line 7, leave out ‘processes’. |
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| Clause 203, page 98, line 8, leave out ‘an insolvency process’ and insert |
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| Clause 203, page 98, line 18, leave out ‘“insolvency process” means’ and insert ‘a |
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| reference to “insolvency” includes a reference to’. |
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| Clause 203, page 98, line 19, leave out paragraph (a) and insert — |
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| | Clause, as amended, Agreed to. |
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| | Clauses 204 and 205 Agreed to. |
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| Clause 206, page 99, line 13, leave out ‘an insolvency process’ and insert ‘a |
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| provision about insolvency’. |
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| Clause 206, page 99, line 27, leave out ‘bank insolvency or insolvency’ and insert |
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| ‘insolvency (within the meaning of section 203(6))’. |
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| Clause 206, page 99, line 34, leave out ‘, to bank insolvency or to insolvency’. |
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| | Clause, as amended, Agreed to. |
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| | Clauses 207 to 213 Agreed to. |
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| [Adjourned till Thursday at 9.00 a.m. |
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