Schedule 8 - Sections 26 to 31: minor and consequential amendments

Part of Financial Services Bill – in a Public Bill Committee at 9:30 am on 15th March 2012.

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Amendments made: 104, in schedule 8, page 218, line 38, at end insert—

‘(4) In subsection (3)(b), after “clearing services” insert “or services falling within section 285(3)(b)”.’.

Amendment 105, in schedule 8, page 219, line 17, leave out ‘and’.

Amendment 106, in schedule 8, page 219, line 18, at end insert—

‘(c) omit the “or” following paragraph (a), and

(d) at the end of paragraph (b) insert “or

(c) the provision by the applicant of services falling within section 285(2)(b) or (3)(b),”’.

Amendment 107, in schedule 8, page 219, line 29, leave out sub-paragraphs (3) and (4) and insert—In subsection (6)—

(a) in paragraph (a), after “provision” insert “by another person”,

(b) in paragraph (b), for “clearing services” substitute “services falling within section 285(2)(b)”, and

(c) for “the Authority” substitute “the FCA and the Bank of England”.

‘(4) In subsection (7)—

(a) in paragraph (a), after “clearing services” insert “or services falling within section 285(3)(b)”,

(b) in paragraph (b), after “clearing services” insert “or services falling within section 285(3)(b)”, and

(c) for “the Authority” substitute “the Bank of England and the FCA”.’.

Amendment 108, in schedule 8, page 221, line 11, after ‘provision)’ insert—

‘(a) in subsection (1), for the words from “with” to the end substitute “with—

(a) its business as an investment exchange,

(b) the provision by it of clearing services, or

(c) the provision by it of services falling within section 285(2)(b) or (3)(b).”, and

(b) ’.

Amendment 109, in schedule 8, page 222, line 30, at end insert—

35A In section 313 (interpretation), in subsection (4), after “clearing services” insert “or services falling within section 285(3)(b)”.’.— (Mr Hoban.)