Joint Committee on Financial Services and Markets Second Report



ORDERS OF REFERENCE

HOUSE OF LORDS

Tuesday 2 March 1999

Financial Services and Markets—It was moved by the Chairman of Committees that the Commons message of yesterday be now considered and that a Select Committee of eight Lords be appointed to join with the Committee appointed by the Commons, as the Joint Committee on Financial Services and Markets, to report on the consultative document on the draft financial services and markets bill presented by Her Majesty's Command on 21st December 1998 and any further draft of the bill which may be laid upon the Table of both Houses by a Minister of the Crown;

That, as proposed by the Committee of Selection, the following Lords be named of the Committee:

L. Burns

L. Eatwell

L. Fraser of Carmyllie

L. Haskel

L. Montague of Oxford

L. Poole

L. Taverne

V. Trenchard

That the Committee have power to agree with the Commons in the appointment of a Chairman;

That the Committee have leave to report from time to time;

That the Committee have power to appoint specialist advisers;

That the Committee have power to adjourn from place to place within the United Kingdom;

That the minutes of evidence taken before the Committee from time to time shall, if the Committee think fit, be printed and delivered out;

That the Committee shall report by 30th April 1999;

and that the Committee do meet with the Committee appointed by the Commons this day at half past four o'clock in Committee Room 3A;

the motion was agreed to and a message was ordered to be sent to the Commons to acquaint them therewith.

  Wednesday 28 April 1999

Financial Services and Markets—It was moved by the Baroness Jay of Paddington that this House do concur with the Commons in the Order set out in their message of yesterday that it be an Instruction to the Joint Committee on Financial Services and Markets that it report by 27th May 1999 on Parts V (employment in regulated activities), VI (civil fines for market abuse) and XII (disciplinary measures) of the draft bill in relation to the European Convention on Human Rights; the motion was agreed to (see division list) and a message was ordered to be sent to the Commons to acquaint them therewith.


  HOUSE OF COMMONS

  Friday 26 February 1999

Financial Services and Markets,—Ordered, That a Select Committee of eight Members be appointed to join with a committee to be appointed by the Lords, to be the Joint Committee on Financial Services and Markets, to report on the consultative document on the draft Financial Services and Markets Bill presented by Her Majesty's Command on 21st December 1998 and any further draft of the Bill which may be laid upon the Table of both Houses by a Minister of the Crown;

Ordered, That three be the quorum of the Committee;

Ordered, That the Committee shall have power—

(i)    to send for persons, papers and records;

(ii)    to sit notwithstanding any adjournment of the House;

(iii)    to report from time to time;

(iv)    to appoint specialist advisers;

(v)    to adjourn from place to place within the United Kingdom;

(vi)    to communicate to any Select Committee appointed by either House its evidence and any documents of common interest;

Ordered, That the Committee shall report by 30th April 1999;

Ordered, That Mr Nigel Beard, Mrs Liz Blackman, Dr Vincent Cable, Mr David Heathcoat-Amory, Mr David Kidney, Mr Tim Loughton, Mr James Plaskitt and Mr Barry Sheerman be members of the Committee.—(Mr Jim Dowd.)

  Tuesday 27 April 1999

Financial Services and Markets,—Ordered, That it be an Instruction to the Joint Committee on Financial Services and Markets that it report by 27th May 1999 on Parts V (employment in regulated activities), VI (civil fines for market abuse) and XII (disciplinary measures) of the draft bill in relation to the European Convention on Human Rights.—(Mr Robert Ainsworth.)


 
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Prepared 2 June 1999