Clause 55 - Use of information
Pensions Bill
4:00 pm
Mr George Osborne (Tatton, Conservative)
I beg to move amendment No. 211, in
clause 55, page 36, line 8, leave out from 'register' to end of line 9.
The more I look at it, the more I suspect that this is a wrecking amendment, because it would render the clause meaningless. Nevertheless, it provides a good opportunity to debate this clause on the use of information. We have discussed many clauses on the use of information, and we will discuss many more. My attention was drawn to this one by paragraph (b), which says that information
''otherwise held by the Regulator in the exercise of any of its functions, may be used by the Regulator for the purposes of, or for any purpose connected with or incidental to, the exercise of its functions.''
I would be interested to hear the Government say what the point of this little clause is. If it were not included,
perhaps the regulator could not exercise any of its functions.