New Clause 2

Financial Services Bill – in a Public Bill Committee at 10:00 am on 14th January 2010.

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Identification of additional powers needed to fulfil responsibilities for financial stability

‘The Treasury must lay a report setting out the powers that the Financial Services Authority and the Bank of England need to fulfil their responsibilities for financial stability under the relevant legislation within one year of the commencement of this Act.’.—(Mr. Hoban.)

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The Committee divided: Ayes 4, Noes 7.

Division number 4 Decision Time — New Clause 2

Aye: 4 MPs

No: 7 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.