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Clause 59

Banking Bill – in a Public Bill Committee at 7:00 pm on 11th November 2008.

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General continuity obligation: share transfers

Amendment made: No. 125, in clause 59, page 29, line 4, leave out subsection (4) and insert—

‘(4) The duty to provide services and facilities in pursuance of the continuity obligation is subject to a right to receive reasonable consideration.’.—[Ian Pearson.]

Clause 59, as amended, ordered to stand part of the Bill.