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3625

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Thursday 20th November 2008

 

Consideration of Bill


 

Banking Bill, As Amended

 

Mr David Gauke

 

1

 

Page  36,  line  42  [Clause  72],  at end insert—

 

‘(9)    

No order under this section may amend this Act.’.

 

Mr David Gauke

 

2

 

Page  36,  line  42  [Clause  72],  at end insert—

 

‘(9)    

This section shall cease to have effect at the end of the period of two years

 

beginning with the day on which this Act is passed.’.

 

Safeguards for partial property transfers

 

Mr David Gauke

 

NC3

 

To move the following Clause:—

 

‘(1)    

The Treasury must prepare and publish an annual assessment of the efficacy of

 

the safeguards relating to partial property transfers under Part 1 of this Act.

 

(2)    

In preparing each assessment the Treasury must consult the Banking Liaison

 

Panel constituted under section 10.

 

(3)    

If an assessment indicates that the safeguards are inadequate the Treasury must

 

make proposals for strengthening them.

 

(4)    

Each assessment published under this section must be laid before Parliament.

 

(5)    

A Minister of the Crown must make a motion in the House of Commons related

 

to the assessment not more than three months after the assessment was laid before

 

Parliament.’.

 

Exemption of bank directors from liability

 

Mr David Gauke

 

NC4

 

To move the following Clause:—


 
 

Notices of Amendments: 20th November 2008                

3626

 

Banking Bill, continued

 
 

‘(1)    

The Treasury may by order exempt directors of a bank for which the stabilisation

 

powers have been exercised, or of any group undertaking of any such bank, from

 

liability in connection with acts and omissions in relation to the bank or

 

undertaking.

 

(2)    

Any such order—

 

(a)    

shall be made by statutory instrument, and

 

(b)    

may not be made unless a draft has been laid before and approved by

 

resolution of each House of Parliament.’.

 

Protection of bank customers

 

Mr David Gauke

 

NC5

 

To move the following Clause:—

 

‘(1)    

The Treasury may by order amend Part 16 of the Financial Services and Markets

 

Act 2000 for the purposes of protecting the position of customers of a bank for

 

which the stabilisation powers have been exercised.

 

(2)    

Any such order—

 

(a)    

shall be made by statutory instrument, and

 

(b)    

may not be made unless a draft has been laid before and approved by

 

resolution of each House of Parliament.’.

 


 
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