Economic Crime (Transparency and Enforcement) Bill – in the House of Commons at 9:34 pm on 7 March 2022.
Amendment made: 49, page 10, line 34, at end insert—
‘(2A) The first regulations under this section must be made so as to come into force before any applications may be made under section 4(1).”.—(Paul Scully.)
This amendment requires regulations under clause 16 to be made before applications may be made for registration in the register of overseas entities.
Clause 16, as amended, ordered to stand part of the Bill.
Clauses 17 to 25 ordered to stand part of the Bill.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
