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S.C.B.

Amendment Paper as at
Tuesday 15th January 2002

STANDING COMMITTEE B


PROCEEDS OF CRIME BILL

NOTE

The Amendments have been arranged in accordance with the Order of the Committee [13th November].

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

421

Clause     311,     page     180,     line     10,     leave out 'criminal' and insert 'unlawful'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

422

Clause     311,     page     180,     line     14,     leave out 'criminal' and insert 'unlawful'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

479

Clause     311,     page     180,     line     22,     at end insert—

    '(2A)   No general Revenue function shall be exercised by the Director in any case where an enquiry has previously been carried out by the Board into the tax affairs of a person or company for the same period.'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

476

Clause     311,     page     180,     line     39,     leave out subsection (8) and insert—

    '(8)   If apart from this section the Board's authorisation would be required for the exercise of a function, such authorisation of the Board must be obtained by the Director before any such function is exercised by him.'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

477

Clause     313,     page     181,     line     32,     leave out subsection (1).


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

478

Clause     315,     page     182,     line     31,     after 'Director', insert 'jointly with the Board'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

480

Clause     317,     page     183,     line     35,     leave out paragraph (e).

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

481

Clause     317,     page     183,     line     36,     leave out paragraph (f).

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

482

Clause     317,     page     183,     line     37,     leave out paragraph (g).


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

483

Clause     320,     page     185,     line     10,     leave out 'Criminal' and insert 'Unlawful'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

484

Clause     320,     page     185,     line     13,     at end insert—

    '(1A)   Nothing in this section may be construed to permit investigation of matters which do not constitute offences within the United Kingdom.'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

424

Clause     320,     page     185,     line     14,     leave out 'criminal' and insert 'unlawful'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

425

Clause     320,     page     185,     line     18,     leave out second 'criminal' and insert 'unlawful'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

485

Clause     320,     page     185,     line     20,     leave out from 'indirectly)' to end of line 22.

   

Mr Bob Ainsworth

283

Clause     320,     page     185,     line     23,     leave out 'or a pecuniary advantage'.

   

Mr Bob Ainsworth

284

Clause     320,     page     185,     line     24,     at end insert—

    '(5A)   If a person obtains a pecuniary advantage as a result of or in connection with conduct, he is to be taken to obtain as a result of or in connection with the conduct a sum of money equal to the value of the pecuniary advantage.'.

   

Mr Bob Ainsworth

285

Clause     320,     page     185,     line     28,     leave out 'or pecuniary advantage'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

426

Clause     321,     page     186,     line     11,     after 'he', insert 'knowingly'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

427

Clause     322,     page     186,     line     29,     after 'he', insert 'knowingly'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

428

Clause     323,     page     187,     line     2,     after 'he', insert 'knowingly'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

486

Clause     323,     page     187,     line     21,     leave out from 'provision' to end of line 22 and insert 'of goods or services provided by a person who knows or suspects that they may help another to carry out criminal conduct is not consideration'.


   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

487

Clause     324,     page     187,     line     27,     leave out from 'suspects' to end of line 28.

   

Mr Oliver Letwin
Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

97

Clause     324,     page     187,     line     33,     at end insert ', and he was directly involved in the activities by virtue of which the business is regulated.'.

   

Mr Oliver Letwin
Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

99

Clause     324,     page     187,     line     35,     after 'customs officer', insert 'Inland Revenue officer'.

   

Mr Oliver Letwin
Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

98

Clause     324,     page     187,     line     40,     after 'adviser', insert 'or chartered accountant or chartered taxation adviser'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

488

Clause     324,     page     187,     line     40,     after 'and', insert 'believes'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

489

Clause     324,     page     187,     line     41,     at end insert—

    '(c)   he is a tax adviser and the information or other matter came to him in relevant circumstances.'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

490

Clause     324,     page     187,     line     42,     leave out subsection (6).

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

491

Clause     324,     page     188,     line     6,     leave out 'employer' and insert 'place of work'.

   

Mr Oliver Letwin
Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

100

Clause     324,     page     188,     line     6,     after 'employer', insert 'or, as the case may be, his firm, company or voluntary organisation.'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

492

Clause     324,     page     188,     line     8,     leave out 'employment' and insert 'work'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

493

Clause     324,     page     188,     line     8,     after 'employment', insert 'or, as the case may be, his activity with the firm, company or voluntary organisation'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

494

Clause     324,     page     188,     line     9,     leave out 'employer' and insert 'place of work'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

495

Clause     324,     page     188,     line     9,     after 'employer', insert 'or, as the case may be, his firm, company or voluntary organisation'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

496

Clause     324,     page     188,     line     18,     at end insert—

    '(8A)   Information or other matter comes to a tax adviser in relevant circumstances if it is communicated or given to him—

      (a) by a person to whom he is giving, or may be asked to give, advice on any matter relating to tax, or

      (b) by a representative of such a person.'.

   

Mr Dominic Grieve
Mr Nick Hawkins
Mr David Wilshire

497

Clause     324,     page     188,     line     19,     leave out 'subsection (8) does' and insert 'subsections (8) and (8A) do'.


   

Mr Bob Ainsworth

515

Schedule     6,     page     265,     line     3,     leave out from beginning to end of line 43 on page 266 and insert—

'Part 1

Regulated sector

      Business in the regulated sector

    (1) A business is in the regulated sector to the extent that it engages in any of the following activities—

            (a)   accepting deposits by a person with permission under Part 4 of the Financial Services and Markets Act 2000 (c. 8) to accept deposits (including, in the case of a building society, the raising of money from members of the society by the issue of shares);

            (b)   the business of the National Savings Bank;

            (c)   business carried on by a credit union;

            (d)   any home-regulated activity carried on by a European institution in respect of which the establishment conditions in paragraph 13 of Schedule 3 to the Financial Services and Markets Act 2000 (c. 8), or the service conditions in paragraph 14 of that Schedule, are satisfied;

            (e)   any activity carried on for the purpose of raising money authorised to be raised under the National Loans Act 1968 (c.13) under the auspices of the Director of Savings;

            (f)   the activity of operating a bureau de change, transmitting money (or any representation of monetary value) by any means or cashing cheques which are made payable to customers;

            (g)   any activity falling within sub-paragraph (2);

            (h)   any of the activities in points 1 to 12 or 14 of Annex 1 to the Banking Consolidation Directive, ignoring an activity described in any of sub-paragraphs (a) to (g) above;

            (i)   business which consists of effecting or carrying out contracts of long term insurance by a person who has received official authorisation pursuant to Article 6 or 27 of the First Life Directive.

    (2) An activity falls within this sub-paragraph if it constitutes any of the following kinds of regulated activity in the United Kingdom—

            (a)   dealing in investments as principal or as agent;

            (b)   arranging deals in investments;

            (c)   managing investments;

            (d)   safeguarding and administering investments;

            (e)   sending dematerialised instructions;

            (f)   establishing (and taking other steps in relation to) collective investment schemes;

            (g)   advising on investments.

    (3) Paragraphs (a) and (i) of sub-paragraph (1) and sub-paragraph (2) must be read with section 22 of the Financial Services and Markets Act 2000 (c. 8), any relevant order under that section and Schedule 2 to that Act.

    (1) This paragraph has effect for the purposes of paragraph 1.

    (2) "Building society" has the meaning given by the Building Societies Act 1986.

    (3) "Credit union" has the meaning given by the Credit Unions Act 1979 (c. 34) or the Credit Unions (Northern Ireland) Order 1985 (S.I. 1985/1205 (N.I. 12)).

    (4) "European institution" means an EEA firm of the kind mentioned in paragraph 5(b) or (c) of Schedule 3 to the Financial Services and Markets Act 2000 (c. 8) which qualifies for authorisation for the purposes of that Act under paragraph 12 of that Schedule.

    (5) "Home-regulated activity" in relation to a European institution, means an activity—

            (a)   which is specified in Annex 1 to the Banking Consolidation Directive and in respect of which a supervisory authority in the home State of the institution has regulatory functions, and

            (b)   if the institution is an EEA firm of the kind mentioned in paragraph 5(c) of Schedule 3 to the Financial Services and Markets Act 2000 (c. 8), which the institution carries on in its home State.

    (6) "Home State", in relation to a person incorporated in or formed under the law of another member State, means that State.

    (7) The Banking Consolidation Directive is the Directive of the European Parliament and Council relating to the taking up and pursuit of the business of credit institutions (No. 2000/12 EC).

    (8) The First Life Directive is the First Council Directive on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance (No. 79/267/EEC).

      Excluded activities

     A business is not in the regulated sector to the extent that it engages in any of the following activities—

            (a)   the issue of withdrawable share capital within the limit set by section 6 of the Industrial and Provident Societies Act 1965 by a society registered under that Act;

            (b)   the acceptance of deposits from the public within the limit set by section 7(3) of that Act by such a society;

            (c)   the issue of withdrawable share capital within the limit set by section 6 of the Industrial and Provident Societies Act (Northern Ireland) 1969 by a society registered under that Act;

            (d)   the acceptance of deposits from the public within the limit set by section 7(3) of that Act by such a society;

            (e)   activities carried on by the Bank of England;

            (f)   any activity in respect of which an exemption order under section 38 of the Financial Services and Markets Act 2000 (c. 8) has effect if it is carried on by a person who is for the time being specified in the order or falls within a class of persons so specified.

Part 2

Supervisory authorities

    (1) Each of the following is a supervisory authority—

            (a)   the Bank of England;

            (b)   the Financial Services Authority;

            (c)   the Council of Lloyd's;

            (d)   the Director General of Fair Trading;

            (e)   a body which is a designated professional body for the purposes of Part 20 of the Financial Services and Markets Act 2000 (c. 8).

    (2) The Secretary of State is also a supervisory authority in the exercise, in relation to a person carrying on a business in the regulated sector, of his functions under the enactments relating to companies or insolvency or under the Financial Services and Markets Act 2000 (c. 8).

    (3) The Treasury are also a supervisory authority in the exercise, in relation to a person carrying on a business in the regulated sector, of their functions under the enactments relating to companies or insolvency or under the Financial Services and Markets Act 2000 (c. 8).'.

 
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Prepared 15 Jan 2002