UK Parliament / Open data

Electoral Administration Bill

moved Amendment No. 107:"Page 65, line 29, at end insert ““, save that where that person is a bank incorporated in another member state, that company need not carry on business in the United Kingdom””" The noble Lord said: My Lords, this is an amendment to Clause 71H(3) of the Bill. The clause deals with the definition of authorised participants. Generally speaking, it relies on the definition in Section 54(2) of the 2000 Act. In Committee, the noble and learned Lord the Lord Chancellor kindly said that he would go away and look at the point that our amendment is seeking to raise. The point is simple. The definition in Section 54(2) requires that any bank involved in a transaction with a registered party would have to be doing business in the United Kingdom. I can put exactly the same question to the Minister as I put to the noble and learned Lord: does this comply with the services provisions of the Treaty of Rome? I beg to move.
Type
Proceeding contribution
Reference
682 c110 
Session
2005-06
Chamber / Committee
House of Lords chamber
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