Results 161–174 of 174 for speaker:Lord Sharman

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: moved Amendment No. 41: Page 222, line 19, after ("Authority") insert ("or any person acting in the capacity of an agent of the Authority under any provision of this Act").

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: These four amendments deal with the issue of statutory immunity. In moving Amendment No. 41, I should like to speak also to Amendment No. 42. Amendment No. 41 deals with the issue of an agent of the competent authority. As the Bill stands at present, "any person who is, or is acting as, a member, officer or member of staff" of the competent authority is exempt from being liable, "in damages...

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: I am grateful to the Minister for his remarks. In response, perhaps I may say that I was fascinated to hear the noble Lord, Lord Jenkin, talk of the Mersey Docks and Harbour Board, and Rolls-Royce. They are deeply ingrained on my mind from the time that I spent working on them. I very much look forward to meeting the Minister on this issue because I believe, and feel very strongly, that it is...

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: I rise to support the amendments as set out and to speak briefly to Amendment No. 15. As the noble Lord, Lord Saatchi, said, these amendments aim to clarify on the face of the Bill the functions already performed by the non-executive members of the putative FSA. I feel that the authority should be required to meet the principles of good corporate governance. I am much troubled by the way in...

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: moved Amendment No. 13: Page 216, line 32, at end insert-- :TITLE3:("Functions of the chairman .--(1) In this paragraph "the chairman" means the chairman of the Authority appointed under paragraph 2(1)(a) above. (2) The chairman shall at least twice in every calendar year consult the Governor of the Bank of England in relation to those matters affecting the general duties of the Authority...

Financial Services and Markets Bill (16 Mar 2000)

Lord Sharman: I must first declare an interest as a paid adviser to a firm which would be regarded as a practitioner under the Bill. In moving Amendment No. 13 I should like to speak also to Amendments Nos. 52 to 57. All the amendments deal with systemic risk. I have been encouraged by a number of references to the need for the Financial Services Authority to deal with catastrophe. I have in mind the...

Electronic Communications Bill (22 Feb 2000)

Lord Sharman: My Lords, I am pleased to welcome this Bill as a valuable step forward in the promotion of e-commerce in this country. It states as its aim removing barriers and facilitating the adoption of e-commerce in the UK. I am pleased to note the significant public consultation which took place in relation to the matter. That was widely welcomed by the industry. A number of concerns that arose from...

Financial Services and Markets Bill (21 Feb 2000)

Lord Sharman: My Lords, like other noble Lords, I have an interest to declare. For many years I practised as a partner in a firm of accountants which provided a great many services to the financial services industry. I remain a paid adviser to that firm. The Bill, which as we have heard has already been much scrutinised, much debated and much discussed outside the House, provides us with a great...

Latin America: Trade ( 8 Feb 2000)

Lord Sharman: My Lords, I am grateful to the noble Baroness, Lady Hooper, for giving us the opportunity to discuss the review by British Trade International with particular reference to Latin America. From a personal point of view, I welcome that review. I found it useful, although I share her concern about the lack of information. I found it hard to find out about the review. However, once I discovered...

Limited Liability Partnerships Bill [H.L.] (24 Jan 2000)

Lord Sharman: moved Amendment No. 42: After Clause 12, insert the following new clause-- :TITLE3:("Insolvency: preferential debt liability :TITLE3:INSOLVENCY: LIABILITY FOR PREFERENTIAL DEBTS .--(1) Subject to subsection (2), the members of a limited liability partnership or overseas limited liability partnership which has been wound up (including persons who ceased to be members before the commencement of...

Limited Liability Partnerships Bill [H.L.] (24 Jan 2000)

Lord Sharman: The purpose of the amendment is to draw attention to an anomaly which appears to arise as a result of the combination of the application of the tax law to a limited liability partnership as though it were a partnership and insolvency law to a limited liability partnership as though it were a corporation. The position of preferential creditors in both cases--I apologise for being somewhat...

Limited Liability Partnerships Bill [H.L.] (24 Jan 2000)

Lord Sharman: I am grateful to the Minister for his explanation. The whole principle of preference in insolvency is to place one class of debtors--or creditors, depending on which side of the fence one sits--ahead of the others. That is precisely what the law sets out to do. The preferential creditors, so far as they are government departments, are government departments where the entity collects money on...

Limited Liability Partnerships Bill [H.L.] (24 Jan 2000)

Lord Sharman: I rise to support the amendment. In so doing I repeat the declaration of interest that I made at Second Reading: to wit I was a partner in a large firm of accountants for many years and I continue to act as a paid adviser to that firm. Of late I have frequently used the words in the Explanatory Notes to explain and justify the Bill. It is very important that the issue which has been raised is...

Limited Liability Partnerships Bill [H.L.] ( 9 Dec 1999)

Lord Sharman: My Lords, it is with some trepidation that I address your Lordships for the first time. I begin by placing on record both my thanks and appreciation for the very many kindnesses and help extended to me by the staff, officials and Members of your Lordships' House. I must first declare an interest. For 33 years, until relatively recently, I was a partner without limitation of liability. I...


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