House of Commons Public Bill Committee Proceedings

House of Commons

Session 2007 - 08
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Other Bills before Parliament

19

House of Commons

Thursday 6th November 2008

Public Bill Committee Proceedings

Banking Bill

[Eleventh and Twelfth Sittings]

Clause 5.

Amendment (No. 81) proposed, in page 3, line 35, at the end, to insert the words—

‘(ca)
how to determine whether the threshold conditions under section 41(1)

of the Financial Services and Markets Act 2000 will be breached,’.

—(Mr Mark Hoban.)

Question proposed, That the Amendment be made.

Withdrawn

Ian Pearson

Agreed to  89

Clause  5,  page  3,  line  39,  leave out paragraph (f).

Mr Mark Hoban

Not called  80

Clause  5,  page  4,  line  3,  leave out ‘have regard to the code’ and insert ‘comply with

the code or publish an explanation of why they were unable to comply with the code in

good time after their actions,’.

Clause, as amended, Agreed to.

Mr Mark Hoban

Not called  82

Clause  6,  page  4,  line  11,  leave out ‘and’.

Mr Mark Hoban

Not called  83

Clause  6,  page  4,  line  14,  at end insert ‘, and

(d)
those persons whom it considers to have relevant knowledge of those

matters.’.

Public Bill Committee Proceedings: 6th November 2008
20

Banking Bill, continued

Mr Mark Hoban

Not called  85

Clause  6,  page  4,  line  17,  at end insert ‘only after complying with the requirements

set out in subsection (1).’.

Mr Mark Hoban

Not called  84

Clause  6,  page  4,  line  18,  at end add—

‘(5)
The code shall not come into force unless it has been approved by a resolution of

each House of Parliament.’.

Clause Agreed to.

Mr Colin Breed

Dr John Pugh

Mr Mark Hoban

Withdrawn  75

Clause  7,  page  4,  line  27,  leave out ‘not reasonably likely’ and insert ‘highly

unlikely’.

Mr Mark Hoban

Withdrawn  86

Clause  7,  page  4,  line  38,  leave out subsection (6).

Clause Agreed to.

Clauses 8 to 11 Agreed to.

Ian Pearson

Agreed to  90

Clause  12,  page  7,  leave out line 4.

Ian Pearson

Agreed to  91

Clause  12,  page  7,  line  5,  leave out ‘transferees under share transfer orders’ and

insert ‘banks taken into temporary public ownership under this section’.

Clause, as amended, Agreed to.

Clauses 13 to 15 Agreed to.

Mr Peter Bone

Withdrawn  113

Clause  16,  page  8,  line  10,  at end insert—

Public Bill Committee Proceedings: 6th November 2008
21

Banking Bill, continued

‘(3A)
Subsection (3) has effect notwithstanding any provision in European Union law.’.

Clause Agreed to.

Clauses 17 to 24 Agreed to.

Ian Pearson

Agreed to  92

Clause  25,  page  11,  line  23,  at end insert ‘—

(a)
provides for the transfer of securities which were issued by the bank

before the original instrument and have not been transferred by the

original instrument or another supplemental share transfer instrument;

(b)
’.

Clause, as amended, Agreed to.

Ian Pearson

Agreed to  93

Clause  26,  page  12,  line  2,  leave out paragraph (a) and insert—

‘(a)
provides for the transfer of securities which were issued by the bank

before the original order and have not been transferred by the original

order or another supplemental share transfer order;’.

Ian Pearson

Agreed to  94

Clause  26,  page  12,  line  18,  leave out ‘10(2)’ and insert ‘12(2)’.

Clause, as amended, Agreed to.

Ian Pearson

Agreed to  95

Clause  27,  page  12,  line  25,  leave out paragraph (a) and insert—

‘(a)
provides for the transfer of—

(i)
securities which were issued by the bank before the original

order and have been transferred by the original order or a

supplemental share transfer order, or

(ii)
securities which were issued by the bank after the original

order;’.

Clause, as amended, Agreed to.

Clauses 28 and 29 Agreed to.

[Adjourned till Tuesday 11th November at 10.30 a.m.