Part of Economic Crime and Corporate Transparency Bill - Commons Reasons – in the House of Lords at 4:42 pm on 18 October 2023.
Lord Sharpe of Epsom:
Moved by Lord Sharpe of Epsom
That this House do agree with the Commons in their Amendment 161A in lieu and do not insist on its Amendment 161B in lieu to which the Commons have disagreed for their Reason 161C.
161A: Page 172, line 44, at end insert the following new Clause—“Report on costs orders for proceedings for civil recoveryReport on costs orders for proceedings for civil recovery(1) The Secretary of State must assess whether it would be appropriate to restrict the court’s power to order that the costs of proceedings under Chapter 2 of Part 5 of the Proceeds of Crime Act 2002 are payable by an enforcement authority and, if so, how.(2) In carrying out the assessment, the Secretary of State must consult such persons as the Secretary of State considers appropriate.(3) The Secretary of State must publish and lay before Parliament a report on the outcome of the assessment by the end of the period of 12 months beginning with the day on which this Act is passed.(4) In this section “the court” means the High Court in England and Wales.”
161C: Because the Lords Amendment would alter the financial arrangements made by the Commons, and the Commons do not offer any further Reason, trusting that this Reason may be deemed sufficient.
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