Clause 53 - Interpretation of Part 3

Part of Financial Services Bill – in a Public Bill Committee at 5:40 pm on 20th March 2012.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 5:40 pm, 20th March 2012

The hon. Member for West Suffolk understood that—it was clear to him—but I am afraid that I am a simpler fellow and do not quite understand that sentence structure. The Minister seemed simply to read subsection (2), although perhaps he paused and put a little bit of emphasis on particular words, but I still do not understand why the explanatory note did not state more clearly what this provision was for.

I do not know whether the subsection is necessary, but in such matters I suppose that we have no choice but to take the Minister’s word for it, although I do not like doing that.