Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 3:15 pm on 20th January 2009.

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Photo of Baroness Noakes Baroness Noakes Shadow Minister, Treasury 3:15 pm, 20th January 2009

When the Minister spoke I realised that I had tabled my amendment under the wrong clause; it should have been in Clause 64, not Clause 63. I wonder whether the Minister might like to answer this question. He spoke in terms of a general continuity obligation not lasting more than two years. I had meant to draft provision for a specific continuity obligation lasting for not more than two years. The point is that the residual organisation should not be put in the position of being a service provider to the transferee for ever and a day. I wanted to focus on that. Perhaps the Minister can answer that and possibly save me from having to bring this back on Report.