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Lord McIntosh of Haringey moved Amendments Nos. 91 to 94:



    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,").

On Question, amendments agreed to.

18 May 2000 : Column 435

Clause 329 [The Building Societies Commission]:

Lord McIntosh of Haringey moved Amendment No. 95:


    Page 179, line 24, after ("in") insert (", or determined in accordance with,").

On Question, amendment agreed to.

Clause 330 [The Building Societies Investor Protection Board]:

Lord McIntosh of Haringey moved Amendment No. 96:


    Page 179, line 28, after ("in") insert (", or determined in accordance with,").

On Question, amendment agreed to.

Clause 332 [Supplemental provisions]:

Lord McIntosh of Haringey moved Amendments Nos. 97 to 100:


    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.").

On Question, amendments agreed to.

Clause 340 [The record of authorised persons etc.]:

Lord McIntosh of Haringey moved Amendment No. 101:


    Page 185, line 29, after ("trust"") insert ("scheme"").

On Question, amendment agreed to.

Clause 348 [Interpretation of this Part]:

Lord McIntosh of Haringey moved Amendment No. 102:


    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.").

On Question, amendment agreed to.

Clause 353 [Insurance companies]:

Lord McIntosh of Haringey moved Amendments Nos. 103 and 104:


    Page 192, line 31, leave out ("insurance companies") and insert ("insurers").


    Page 192, line 35, leave out ("insurance companies") and insert ("insurers").

On Question, amendments agreed to.

18 May 2000 : Column 436

Clause 358 [Authority's powers to participate in proceedings]:

Lord McIntosh of Haringey moved Amendment No. 105:


    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").

On Question, amendment agreed to.

Clause 359 [Insurance companies carrying on long-term business]:

Lord McIntosh of Haringey moved Amendments Nos. 106 to 111:


    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").

On Question, amendments agreed to.

Clause 362 [Insurance companies: service of petition etc. on Authority]:

Lord McIntosh of Haringey moved Amendments Nos. 112 and 113:


    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,").

On Question, amendments agreed to.

Clause 369 [Continuation of long-term business while in liquidation]:

Lord McIntosh of Haringey moved Amendments Nos. 114 to 126:


    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 consists of 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 second ("that") in line 31 and insert ("of long-term insurance effected by the insurer").

18 May 2000 : Column 437


    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").

On Question, amendments agreed to.

Clause 370 [Reducing the value of contracts instead of winding up]:

Lord McIntosh of Haringey moved Amendments Nos. 127 and 128:


    Page 200, line 40, leave out ("insurance company") and insert ("insurer").


    Page 200, line 43, leave out ("company's") and insert ("insurer's").

On Question, amendments agreed to.

Clause 371 [Treatment of assets on winding up]:

Lord McIntosh of Haringey moved Amendments Nos. 129 to 132:


    Page 201, line 4, leave out ("insurance company") and insert ("insurer").


    Page 201, line 6, leave out ("type of business of the company") and insert ("part of the insurer's business").


    Page 201, line 7, after ("that") insert ("part of the insurer's").


    Page 201, line 9, leave out ("type of business of the company") and insert ("part of the insurer's business").

On Question, amendments agreed to.

Clause 372 [Winding-up rules]:

Lord McIntosh of Haringey moved Amendments Nos. 133 to 135:


    Page 201, line 12, leave out ("insurance company") and insert ("insurer").


    Page 201, line 16, leave out ("insurance companies) and insert ("insurers").


    Page 201, line 23, leave out ("company") and insert ("insurer").

On Question, amendments agreed to.

Clause 383 [Final notice]:

[Amendment No. 136 not moved.]

Clause 385 [Application of sections 386 and 387]:

Lord McIntosh of Haringey moved Amendments Nos. 137 to 139:


    Page 210, line 37, after (" 86(4)(b),") insert ("(Public censure of sponsor)(2),").


    Page 210, line 41, after (" 86(6)(b),") insert ("(Public censure of sponsor)(3),").


    Page 210, line 41, leave out (" 195(5)(a),").

On Question, amendments agreed to.

Clause 390 [Misleading statements and practices]:


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