Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 1:00 pm on 21st February 2008.

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Photo of Lord Newby Lord Newby Spokesperson in the Lords, Treasury 1:00 pm, 21st February 2008

moved Amendment No. 3:

Clause 6, page 5, line 46, at end insert—

"( ) An order under this section shall also make provision for the Treasury to lay before Parliament a quarterly report setting out progress made in relation to a deposit-taker's business plan and the amount of loans and guarantees from the taxpayer still outstanding, when such a deposit-taker has transferred its property, rights and liabilities to the Treasury as set out in subsection (1)(a)."