Amendments made: No. 7, in clause 32, page 24, line 20, after 'step', insert

'for such period as it thinks fit'.

No. 5, in clause 32, page 24, line 27, leave out subsections (3) and (4) and insert—

'(3) Subject to subsection (4), where the OFT defers the taking of a step falling within subsection (2), the licence shall continue in effect for the period of the deferral—

(a) on the same terms (disregarding the OFT's determination to take the step falling within subsection (2)); or

(b) in the case of a step falling within subsection (2)(b), on the terms applied for;

and, in the case of a step falling within subsection (2)(a) or (b), notwithstanding that apart from this subsection the licence would expire before the end of the period of the deferral.  

(4) Where the OFT defers the taking of a step falling within subsection (2), it may—

(a) specify activities or descriptions of activities which are to be excluded from the activities authorised to be carried on by virtue of subsection (3);

(b) specify requirements which must be complied with by the licensee during the period of the deferral in relation to the activities authorised to be carried on by virtue of that subsection;

(c) terminate the period of the deferral if the licensee fails to comply with a requirement specified under paragraph (b).

(4A) Under subsection (4)(a) an activity may be excluded for the whole of the period of the deferral or for only a specified part of it.'.—[Mr. Sutcliffe]

Clause 32, as amended, ordered to stand part of the Bill.

Clause 33 ordered to stand part of the Bill