Results 101–120 of 174 for speaker:Lord Sharman

Enterprise Bill (16 Jul 2002)

Lord Sharman: Having heard the Minister's response, I beg leave to withdraw the amendment.

Enterprise Bill (16 Jul 2002)

Lord Sharman: Members of the Committee may not be aware that my noble friend Lord Phillips has been ill of late and has already exceeded his permitted stay in the House today. With regard to his notification that he wished to oppose the Question that Clause 11 stand part of the Bill, he has asked me to say that, having heard the Minister's response to a number of the amendments on the clause, he is now...

Enterprise Bill (16 Jul 2002)

Lord Sharman: Amendment No. 43 in this group seeks to clarify the issue of who may bring these super-complaints. It concerns those consumer bodies which also have trading arms or commercial interests. We would like clarification from the Minister that it would be inappropriate for such bodies to be able to bring super-complaints where the business against which the complaint is brought is in competition...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I listened with great interest to what the Minister said and have taken considerable comfort from it. The draft guidance, which he has undertaken to give us before Report stage, will be particularly valuable and important to us in forming a view on whether to pursue the matter. In the meantime, I beg leave to withdraw the amendment.

Enterprise Bill (16 Jul 2002)

Lord Sharman: I shall reflect on the Minister's explanation and may return to the matter at a later stage. In the interim, I beg leave to withdraw the amendment.

Enterprise Bill (16 Jul 2002)

Lord Sharman: moved Amendment No. 38: Page 5, line 3, at end insert— "( ) Where the OFT has decided to take no action in response to the complaint and an undertaking has incurred costs as a result of that complaint, the consumer body which made the complaint shall bear the costs of that undertaking."

Enterprise Bill (16 Jul 2002)

Lord Sharman: This amendment and Amendment No. 39 in the name of the noble Lords, Lord Kingsland and Lord Hunt of Wirral, seek to address the issue of what remedy a company or a business which is the subject of a super-complaint has in the event that no action is taken by the OFT as a result of that complaint. Any investigation arising from a super-complaint will, in my opinion, inevitably create cost and...

Enterprise Bill (16 Jul 2002)

Lord Sharman: moved Amendment No. 30: Page 4, line 5, at end insert— "( ) In pursuance of its function under subsection (1) above the OFT shall work with every local weights and measures authority in Great Britain to— (a) ensure the delivery of coordinated, consistent enforcement, (b) improve consumer protection, and (c) develop more competitive markets."

Enterprise Bill (16 Jul 2002)

Lord Sharman: The amendment would ensure that the OFT worked closely with local authorities in promoting good practice. We touched on that in earlier amendments tabled by the noble Lord, Lord Hunt of Wirral. Promoting good consumer practice will be a function of the OFT. The purpose of the amendment is to get an assurance from the Minister that the OFT will continue to work closely with local weights and...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I am grateful to the noble Lord for his detailed and full response to my proposals. I am pretty satisfied and on that basis I beg leave to withdraw the amendment.

Enterprise Bill (16 Jul 2002)

Lord Sharman: moved Amendment No. 32: Page 4, line 37, leave out "that any feature, or combination of features of" and insert "alleging that any agreements between undertakings, decisions by associations of undertakings or concerted practices in"

Enterprise Bill (16 Jul 2002)

Lord Sharman: In moving Amendment No. 32 I shall also speak to Amendment No. 34. These are very straightforward and simple amendments designed to ensure consistency in wording, so that the wording in this Bill is the same as that in Article 81 of the Chapter 1 prohibition in the Competition Act 1998 and the EU treaty. The amendments would ensure that there was consistency in wording both within UK law and...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I have two amendments in the group—Amendments Nos. 21A and 177A. Both deal with accountability to Parliament. I strongly support what the noble Lords, Lord Graham of Edmonton and Lord Kingsland, have said. We are creating yet another hugely powerful and influential quango. In addition to covering what we need to see in an annual report from that immensely powerful body, it is essential that...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I register our opposition in regard to the amendment. We are getting into a terrible tangle over the governance and management of the new body. The Bill states that it is a body corporate with a board. It is proposed that the chairman and chief executive should have unbridled power in all matters operational. I completely lack understanding as to how one can justify such a system or how it...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I support the general principle behind these amendments. When he spoke earlier, the Minister dismissed the parallels between this Bill and the Financial Services and Markets Act 2000 when it was being considered in this House—the legislation that created the Financial Services Authority. Essentially, we are dealing with the whole issue of corporate governance and accountability. It is the...

Enterprise Bill (16 Jul 2002)

Lord Sharman: I draw the noble Lord's attention to the annual report of the Financial Services Authority in which it justifies the combining of the titles of chairman and chief executive by reference to the fact that executive responsibility is divided among other members of the board, including members who are "managing directors". It concludes, as verified by the independent auditors of that body, that...

Retail Savings ( 9 Jul 2002)

Lord Sharman: My Lords, I join the noble Lord, Lord Higgins, in thanking the Minister for repeating the Statement made in another place. On these Benches, we welcome this thorough review. We are cognisant of the words of Sheila McKechnie, who said: "This is a powerful report. It has correctly diagnosed the fundamental failings of the financial services industry. It offers a way forward which focuses on the...

Money Laundering ( 9 Jul 2002)

Lord Sharman: My Lords, does the Minister agree that the introduction of large denomination notes is a significant factor in the facility with which money may be laundered? What evaluation, if any, have the Government or the European Union made of the impact of the introduction of the 1,000 euro note on money laundering activities throughout Europe?

Enterprise Bill ( 2 Jul 2002)

Lord Sharman: My Lords, it falls to me to wind up this debate from these Benches. I can do no better than to begin by echoing the remarks of my noble friend Lord Razzall about the clarity of the Minister's introduction to the Bill. As many Members of your Lordships' House have said, it is a long and complex Bill. Generally, on these Benches, we welcome it. The objectives are highly laudable. Who could...

Enterprise Bill ( 2 Jul 2002)

Lord Sharman: My Lords, I look forward to the Committee debates, which my noble friend Lord Razzall hopes will not be drawn out by experts. As one who thinks that he knows a little about some of these things, I promise not to do so.


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