Clause 22 — Rules and guidance

European Union Documents – in the House of Commons at 6:00 pm on 22nd May 2012.

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Votes in this debate

Amendment proposed: 40, page 80, line 2, at end insert—

‘(2A) The FCA may make rules or apply a sanction to authorised persons who offer credit on terms that the FCA judge to cause consumer detriment. This may include rules that determine a maximum total cost for consumers of a product and determine the maximum duration of a supply of a product or service to an individual consumer.’.—(Stella Creasy.)

Question put, That the amendment be made.

The House divided:

Ayes 225, Noes 266.

Division number 8 European Union Documents — Clause 22 — Rules and guidance

Aye: 225 MPs

No: 266 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Question accordingly negatived.

Amendment proposed: 38, page 82, line 10, at end insert—

‘(c) provide for a requirement that an employee representative should be a member of the remuneration committee of a relevant body corporate, and

(d) provide for a requirement that the remuneration consultants advising on remuneration policy shall be appointed by the shareholders of a relevant body corporate.’.—(Chris Leslie.)

Question put, That the amendment be made.

The House divided:

Ayes 224, Noes 285.

Division number 9 European Union Documents — Clause 22 — Rules and guidance

Aye: 225 MPs

No: 285 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Question accordingly negatived.

Amendments made: 5, page 93, line 43, leave out ‘section 1B(1)’ and insert

‘its duties under section 1B(1) and (5)(a)’.

Amendment 6, page 95, line 9, leave out from ‘with’ to end of line 10 and insert ‘its duties under—

(i) section 2B(1) or, as the case requires, section 2C(1) or 2D(3), and

(ii) section 2G, and’.—(Mr Hoban.)