Digital Economy Bill – in a Public Bill Committee at 11:15 am on 1 November 2016.
Financial Services Act 2012
31 The Financial Services Act 2012 is amended as follows.
32 (1) Section 68 (cases in which Treasury may arrange independent enquiries) is amended as follows.
(2) In subsection (3), in paragraphs (a) and (b)(ii), omit “inter-bank”.
(3) In subsection (5), in the definition of “recognised inter-bank payment system”—
(a) omit the first “inter-bank”;
(b) for “an inter-bank” substitute “a”.
33 In section 85 (relevant functions in relation to complaints scheme), in subsection (3)(a) omit “inter-bank”.
34 In section 110 (payment to Treasury of penalties received by Bank of England), in subsection (5)(d) omit “inter-bank”.
Financial Services (Banking Reform) Act 2013
35 The Financial Services (Banking Reform) Act 2013 is amended as follows.
36 In section 45 (procedure), in subsection (1)(a) omit “inter-bank”.
37 In section 46 (amendment of designation order), in subsection (2)(a) omit “inter-bank”.
38 In section 47 (revocation of designation orders), in subsection (3)(a) omit “inter-bank”.
39 In section 98 (duty of regulators to ensure co-ordinated exercise of functions), in subsection (5)(b) omit “inter-bank”.
40 In section 110 (interpretation), in subsection (1), in the definition of “recognised inter-bank payment system”—
(a) omit the first “inter-bank”;
(b) for “an inter-bank” substitute “a”.
41 In section 112 (interpretation: infrastructure companies), in subsections (2)(a), (4)(b) and (5), omit “inter-bank”.
42 In section 113 (interpretation: other expressions), in subsection (1)—
(a) in the definition of “operator” omit “inter-bank”;
(b) in the definition of “recognised inter-bank payment system”—
(i) omit the first “inter-bank”;
(ii) for “an inter-bank” substitute “a”;
(c) in the definition of “the relevant system”, in paragraphs (a) and (c), omit “inter-bank”.
43 In section 115 (objective of FMI administration), in subsection (1) omit “inter-bank”.
44 In section 120 (power to direct FMI administrator), in subsection (8) omit “inter-bank”.
45 In section 127 (interpretation of Part 6), in subsection (1), in the definition of “operator” and in the definition of “recognised inter-bank payment system”, omit “inter-bank”.”—(Matt Hancock.)
This is the Schedule introduced by new clause NC30.
Amendments made: 186, in title, line 8, after “functions;” insert
“to make provision about qualifications in information technology;”.
This amendment is consequential on new clause NC26.
Amendment 187, in title, line 8, after “functions;” insert
“to make provision about payment systems and securities settlement systems;”.—(Matt Hancock.)
The amendment is consequential on new clauses NC29 and NC30 and new Schedule NS2.
DEB 74 Letter from Yoti addressed to the office of Louise Haigh MP
DEB 75 Cicero Group
DEB 76 Ticketmaster
DEB 77 Thornton Estates; Frances Chester-Master, Chester-Master Ltd; and Scottish Land and Estates (almost identical submissions)
DEB 78 Hub Professional Services Ltd
DEB 79 AP Wireless
DEB 80 Market Research Society
DEB 81 Paul W. Smith, Acland Bracewell Surveyors Ltd
DEB 82 The Communications Consumer Panel and the Advisory Committee for Older and Disabled People
DEB 83 FanFair Alliance
DEB 84 Internet Telephony Services Providers Association (ITSPA)
DEB 85 Scope
DEB 86 Batcheller Monkhouse
DEB 87 Strutt & Parker
DEB 88 Central Association of Agricultural Valuers (CAAV)
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
