Committee (4th Day) (Continued)

Part of Banking Bill – in the House of Lords at 8:45 pm on 20 January 2009.

Alert me about debates like this

Photo of Baroness Noakes Baroness Noakes Shadow Minister, Treasury 8:45, 20 January 2009

The Minister did not explain why the provision is necessary and he certainly did not explain what value-added was brought about by it, but he has trumped me with precedent in the Financial Services and Markets Act. I arrived in your Lordships' House just after that epic Bill had finished its progress here, so I am not quite word-perfect on the sections it contains. That sometimes comes back to haunt me. However, I accept what the Minister said and beg leave to withdraw the amendment.

Amendment 135 withdrawn.

Amendment 136

Moved by Lord Davies of Oldham

136: Clause 98, page 50, line 4, at end insert "or under section 141(2) or 142(2) of the Insolvency Act 1986 (as applied by section 100 below)"