Company Law Reform Bill

moved Amendment No. 224:"Page 98, line 20, at end insert—" ““(   )   This section does not apply to a breach of duty which constitutes market abuse under the Financial Services and Markets Act 2000 (c. 8).”” The noble Lord said: I put this amendment down because of the generality of the words in Clause 216(1):"““negligence, default, breach of duty or breach of trust””." These words are extremely wide and occur elsewhere in the Bill. It occurred to me that some provision should be made—whether this amendment is the right provision I know not—regarding the relationship of this Bill in that respect with the Financial Services and Markets Act. My noble and learned friend may say that that is unnecessary, but I should like to have it on the record. I beg to move.