Banking (Special Provisions) Bill

Part of the debate – in the House of Lords at 1:30 pm on 21st February 2008.

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Photo of Lord Oakeshott of Seagrove Bay Lord Oakeshott of Seagrove Bay Spokesperson in the Lords, Treasury, Spokesperson in the Lords, Work & Pensions 1:30 pm, 21st February 2008

moved Amendment No. 4:

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

"( ) An order under this section shall also make provision for a deposit-taker to be subject to independent audit to be completed within 3 months of the date of the order and no less frequently than annually thereafter by the Bank of England."