Financial Services Bill

Monday 26th November 2012 Lords Chamber

Report (4th Day) (Continued)

16:38

Clause 24 : Short selling rules

Amendments 87 and 88

Moved by

[Lord Sassoon]

87: Clause 24, page 110, line 2, leave out from “Authority”” to end of line 3 and insert “or “Authority’s” in each place substitute “FCA” or “FCA’s”.”

88: Clause 24, page 110, line 4, leave out subsection (2) and insert—
“(2) Subsection (1) does not affect references to “the competent authority”.”

Amendments 87 and 88 agreed.

Clause 25 : Control over authorised persons

Amendment 89

Moved by

[Lord Sassoon]

89: Clause 25, page 111, line 20, at end insert “or 3IA”

Amendment 89 agreed.

[Lord Tunnicliffe]

Will the Government please consider the timetabling? It is unreasonable to call the next amendment when Members are expecting the House to be in the middle of the second Statement, which should have started immediately after the first one. The only sensible option is to adjourn during pleasure.

[Baroness Garden of Frognal]

I beg to move that further consideration on Report be adjourned during pleasure for 10 minutes.

16:39

Sitting suspended.