Clause 60 - Bank of England levy

Part of Financial Services and Markets Bill – in a Public Bill Committee at 2:00 pm on 1 November 2022.

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Photo of Virendra Sharma Virendra Sharma Labour, Ealing, Southall 2:00, 1 November 2022

With this it will be convenient to discuss Clause 61 stand part.

Clause

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.

clause

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.