Clause 244 - Duty of monitored promoter to notify clients of number

Finance Bill – in a Public Bill Committee at 4:15 pm on 17 June 2014.

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Amendments made: 40, in clause 244, page 165, line 17, at end insert “, and

(d) any person who the monitored promoter could reasonably be expected to know is a relevant intermediary in relation to a relevant proposal of the monitored promoter.”

Amendment 41, in clause 244, page 165, line 34, at end insert—

‘( ) A person is a relevant intermediary in relation to a relevant proposal of a monitored promoter if the person meets the conditions in section 229(a) to (c) (meaning of “intermediary”) at any time while the monitoring notice in relation to the monitored promoter has effect.”

Amendment 42, in clause 244, page 165, line 36, leave out “or (2)(c)”

Amendment 43, in clause 244, page 165, line 41, at end insert—

“() in the case of a person falling within subsection (2)(c), the period of 30 days beginning with the later of the day of the notification mentioned in subsection (1) and the first day on which the monitored promoter could reasonably be expected to know that the person fell within subsection (4), and

‘() in the case of a person falling within subsection (2)(d), the period of 30 days beginning with the later of the day of the notification mentioned in subsection (1) and the first day on which the monitored promoter could reasonably be expected to know that the person was a relevant intermediary in relation to a relevant proposal of the monitored promoter.”—(Mr Gauke.)

Clause 244, as amended, ordered to stand part of the Bill.

Clauses 245 to 250 ordered to stand part of the Bill.