Clause 171
Banking Bill
11:30 am
Jimmy Hood (Lanark and Hamilton East, Labour)
With this it will be convenient to discuss amendment
No. 47, 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 has been designated under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999.’.