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Amendments to the Financial Services and Markets Bill

Financial Services and Markets Bill -
Amendments to be debated in the House of Lords

Here you can browse the Amendments to the Financial Services and Markets Bill to be moved on Third Reading in the House of Lords.

  
Clause 24
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 10, line 45, leave out ("("the purchaser")") 
     Page 11, line 10, leave out ("deposit-taking") and insert ("accepting deposits") 
  
Clause 25
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 11, line 17, leave out ("("the purchaser")") 
     Page 11, line 27, leave out ("deposit-taking") and insert ("accepting deposits") 
  
Clause 27
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 12, line 22, leave out ("deposit-taking") and insert ("accepting deposits") 
     Page 12, line 35, leave out ("deposit-taking") and insert ("accepting deposits") 
  
After Clause 86
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Insert the following new Clause-- 
     ("  .--(1)  Listing rules may make provision for the competent authority, if it considers that a sponsor has contravened a requirement imposed on him by rules made as a result of section 86(3)(c), to publish a statement to that effect.
 
    (2)  If the competent authority proposes to publish a statement it must give the sponsor a warning notice setting out the terms of the proposed statement.
 
    (3)  If, after considering any representations made in response to the warning notice, the competent authority decides to make the proposed statement, it must give the sponsor a decision notice setting out the terms of the statement.
 
    (4)  A sponsor to whom a decision notice is given under this section may refer the matter to the Tribunal.")
Public censure of sponsor.
  
Clause 102
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 50, line 29, leave out ("deal in") and insert ("effect or carry out") 
     Page 50, line 35, leave out ("deal in") and insert ("effect or carry out") 
     Page 50, line 40, leave out ("deal in") and insert ("effect or carry out") 
     Page 51, line 7, leave out ("reinsurance business carried on") and insert ("business which consists of the effecting or carrying out of contracts of reinsurance") 
     Page 51, line 28, leave out ("reinsurance business") and insert ("the effecting or carrying out of contracts of reinsurance") 
  
After Clause 113
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Insert the following new Clause-- 
 ("Modifications 
     . The Treasury may by regulations--
    (a)  provide for prescribed provisions of this Part to have effect in relation to prescribed cases with such modifications as may be prescribed;
    (b)  make such amendments to any provision of this Part as they consider appropriate for the more effective operation of that or any other provision of this Part.")
Power to modify this Part.
  
Clause 118
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 61, line 12, leave out ("amount to market abuse") and insert ("fall within paragraph (a) or (b) of subsection (1)") 
     Page 61, line 14, leave out ("engaging in to market abuse.") and insert ("behaving in a way which fell within paragraph (a) or (b) of that subsection.") 
  
Clause 136
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 69, line 16, leave out ("deal in") and insert ("effect or carry out") 
     Page 69, line 20, leave out ("long term insurance business") and insert ("business which consists of the effecting or carrying out of contracts of long-term insurance") 
  
Clause 137
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 69, line 35, leave out ("deal in") and insert ("effect or carry out") 
     Page 69, line 39, leave out ("deal in") and insert ("effect or carry out") 
  
Clause 208
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 111, line 26, leave out ("qualified for authorisation under Schedule 3 at that time") and insert (", at that time--
    (a)  qualified for authorisation under Schedule 3, and
    (b)  fell within a prescribed category,")
 
  
Clause 209
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 112, line 20, after ("Schedule 3") insert (", and
    (b)  falls within a prescribed category,")
 
  
Clause 211
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 113, line 34, leave out ("carry on long-term insurance business") and insert ("have permission to effect or carry out contracts of long-term insurance") 
     Page 113, line 39, leave out from first ("of") to ("to") in line 40 and insert ("a relevant long-term insurer's business so far as it relates to the carrying out of contracts of long-term insurance, or of any part of that business,") 
  
Clause 212
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 114, line 18, leave out ("carry on insurance business") and insert ("have permission to effect or carry out contracts of insurance") 
     Page 114, line 22, leave out from first ("of") to ("to") in line 23 and insert ("a relevant insurer's business so far as it relates to the carrying out of contracts of insurance, or of any part of that business,") 
     Page 114, line 25, leave out ("insurance business") and insert ("to effect or carry out contracts of insurance") 
  
Clause 219
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 118, line 9, leave out ("qualified for authorisation under Schedule 3 at that time") and insert (", at that time--
    (a)  qualified for authorisation under Schedule 3, and
    (b)  fell within a prescribed category,")
 
  
After Clause 316
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Insert the following new Clause-- 
 ("Transfers of business done at Lloyds 
     . The Treasury may by order provide for the application of any provision of Part VII (with or without modification) in relation to schemes for the transfer of the whole or any part of the business carried on by one or more members of the Society or former underwriting members.")Transfer schemes.
  
Clause 327
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 178, line 30, after ("in") insert ("or determined in accordance with") 
  
Clause 328
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 178, line 38, after ("Societies") insert (", or of an assistant registrar of friendly societies for the central registration area,") 
     Page 178, line 40, leave out ("functions of the Registrar") and insert ("of their functions") 
     Page 179, line 11, at end insert--
    ("(  )  the office of assistant registrar of friendly societies for the central registration area;")
 
     Page 179, line 14, after ("in") insert ("or determined in accordance with") 
  
Clause 329
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 179, line 24, after ("in") insert ("or determined in accordance with") 
  
Clause 330
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 179, line 28, after ("in") insert ("or determined in accordance with") 
  
Clause 332
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 180, line 9, at end insert--
    ("(  )  for the transfer of any functions of a member of the body, or servant or agent of the body or person, whose functions are transferred by the order;")
 
     Page 180, line 29, at end insert--
    ("(  )  for the carrying on and completion by or under the authority of such person as may be specified in the order of any proceedings, investigations or other matters commenced, before the order takes effect, by or under the authority of the person whose office, or the body which, ceases to exist as a result of the order;")
 
     Page 180, line 32, leave out ("or the substitution of the Treasury") and insert (", the Treasury or such other body as may be specified in the order") 
     Page 180, line 34, at end insert--
 
    ("(  )  On or after the making of an order under any of sections 327 to 331 ("the original order"), the Treasury may by order make any incidental, supplemental, consequential or transitional provision which they had power to include in the original order.")
 
  
Clause 348
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 191, line 1, at end insert--
 
    ("(  )  In this Part "insurer" has such meaning as may be specified in an order made by the Treasury.")
 
  
Clause 353
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 192, line 31, leave out ("insurance companies") and insert ("insurers") 
     Page 192, line 35, leave out ("insurance companies") and insert ("insurers") 
  
Clause 358
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 194, line 24, leave out from ("an") to end of line 25 and insert ("insurer effecting or carrying out contracts of long-term insurance") 
  
Clause 359
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 195, line 3, leave out from ("An") to ("may") in line 4 and insert ("insurer effecting or carrying out contracts of long-term insurance") 
     Page 195, line 6, leave out ("a company") and insert ("an insurer") 
     Page 195, line 8, leave out first ("company") and insert ("insurer") 
     Page 195, line 8, leave out second ("company") and insert ("insurer") 
     Page 195, line 23, leave out ("company") and insert ("insurer") 
     Page 195, line 28, leave out from ("an") to end of line and insert ("insurer effecting or carrying out contracts of long-term insurance") 
  
Clause 362
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 196, line 21, leave out from first ("an") to ("the") and insert ("authorised person with permission to effect or carry out contracts of insurance") 
     Page 196, line 25, leave out from first ("an") to first ("the") in line 26 and insert ("authorised person with permission to effect or carry out contracts of insurance") 
  
Clause 369
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 199, line 40, leave out from beginning to end of line 1 on page 200 and insert ("insurer which effects or carries out contracts of long-term insurance") 
     Page 200, line 3, leave out from beginning to ("with") and insert ("insurer's business so far as it consists of carrying out the insurer's contracts of long-term insurance") 
     Page 200, line 4, leave out from ("to") to end of line 5 and insert ("a person who may lawfully carry out those contracts") 
     Page 200, line 11, leave out from first ("the") to ("require") and insert ("insurer attributable to contracts of long-term insurance effected by it") 
     Page 200, line 12, leave out ("of the business") 
     Page 200, line 13, leave out ("of the business") 
     Page 200, line 22, leave out from ("contracts") to end of line 23 and insert ("of long-term insurance effected by the insurer") 
     Page 200, line 27, leave out from first ("the") to end of line and insert ("insurer's business so far as it relates to carrying out its contracts of long-term insurance") 
     Page 200, line 29, after ("that") insert ("part of the insurer's") 
     Page 200, line 30, leave out from ("contracts") to ("that") in line 31 and insert ("of long-term insurance effected by the insurer") 
     Page 200, line 31, leave out ("its") 
     Page 200, line 31, at end insert ("of that part of the insurer's business") 
     Page 200, line 36, leave out ("company") and insert ("insurer") 
 
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