Clause 11 - Prohibition Orders

Part of Financial Services Bill – in a Public Bill Committee at 7:30 pm on 6th March 2012.

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Photo of Cathy Jamieson Cathy Jamieson Shadow Minister (Treasury) 7:30 pm, 6th March 2012

I beg to move amendment 145, in clause 11, page 61, line 7, at end insert—

‘(8A) In the event of a prohibition order being made, the FCA or PRA shall—

(a) publish an explanatory statement regarding the decision; and

(b) include the individual on an updated list of those subject to prohibition orders to be presented on HM Treasury website.’.