Clause 171
Banking Bill
11:30 am
David Gauke (Shadow Minister, Treasury; South West Hertfordshire, Conservative)
I beg to move amendment No. 46, in clause 171, page 88, line 18, at end add—
‘(3) The Treasury may make a recognition order in respect of an inter-bank payment system only if the system is eligible for designation under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999.’.