Parliamentary search - Company Law Reform Bill [HL] 2005-06

Type

Parliamentary proceeding

Reference

681 c61-100GC

Session

2005-06

Department

Department of Trade and Industry
Committee of the Whole House (HL)

Legislative stage

Committee stage

Chamber / Committee

House of Lords Grand Committee

Company Law Reform Bill (HL). (In two volumes. Volume I contains clauses 1 to 481 and Volume II contains clauses 482-885 and schedules to the Bill ). Explanatory notes HL Bill 34-En also published.
Tuesday, 1 November 2005
Bills
House of Lords

Proceeding contributions

Lord Sharman | 681 c61GC (Link to this contribution) moved Amendment No. A253B:"Page 411, leave out lines 26 to 29." The noble Lord said: This amendment...

Lord Hodgson of Astley Abbotts | 681 c64GC (Link to this contribution) The Minister is surely not going to try to persuade the Committee that subsection (5)(b) covers the ...

Show all contributions (69)

Lord Hodgson of Astley Abbotts | 681 c74GC (Link to this contribution) As ever, the Minister’s words are honeyed about the need for flexibility for the proper operation of...

Lord Sainsbury of Turville | 681 c86GC (Link to this contribution) I oppose the Question that Clause 868 stand part of the Bill. I will be moving an amendment to inser...

Lord Evans of Temple Guiting | 681 c89GC (Link to this contribution) moved Amendment No. A266B:"Page 424, line 22, leave out paragraph (c) and insert—" ““(c) the Open-...

Lord Sharman | 681 c62GC (Link to this contribution) I am grateful to the Minister for his full explanation in response to my amendment. I would like to ...

Lord Sainsbury of Turville | 681 c61-2GC (Link to this contribution) The Government want to ensure that markets are regulated in the most effective and proportionate man...

Lord Sainsbury of Turville | 681 c64-5GC (Link to this contribution) I can deal with Amendments Nos. A253E and A253F together, as they seem to cover the same basic probl...

Lord Sharman | 681 c65GC (Link to this contribution) I am grateful to the noble Lord for that explanation. I would like to reflect on it, but in the inte...

Lord Sainsbury of Turville | 681 c66-7GC (Link to this contribution) The transparency directive will have the effect of increasing the amount of information made public ...

Lord Hodgson of Astley Abbotts | 681 c69-70GC (Link to this contribution) moved Amendment No. A256A:"Page 420, line 16, after ““about”” insert ““instructions given by the ins...

Lord Hodgson of Astley Abbotts | 681 c72-3GC (Link to this contribution) I thought for one glorious moment that the Minister was going to agree with everything that I said. ...

Lord Hodgson of Astley Abbotts | 681 c73-4GC (Link to this contribution) moved Amendment No. A256C:"Page 420, line 36, at end insert—" ““( ) Where investment managers are ...

Lord Sainsbury of Turville | 681 c74GC (Link to this contribution) This power in Clause 866 is an important tool in encouraging greater transparency of how institution...

Lord Sainsbury of Turville | 681 c75GC (Link to this contribution) I have more honeyed words. I again emphasise the importance of ensuring that this power can deliver ...

Lord Hodgson of Astley Abbotts | 681 c76GC (Link to this contribution) I am grateful to the Minister. I do not think that we need to hack over the ground again. We will re...

Lord Hodgson of Astley Abbotts | 681 c76-7GC (Link to this contribution) moved Amendment No. A256F:"Page 421, line 35, at end insert ““; and" ( ) shall be subject to publi...

Lord Hodgson of Astley Abbotts | 681 c85GC (Link to this contribution) I am grateful to the Minister for his very thorough reply and for offering to look again at one and ...

Lord Sharman | 681 c85-6GC (Link to this contribution) had given notice of his intention to move Amendment No. A257:"Page 422, line 35, after ““company”” i...

Lord Hodgson of Astley Abbotts | 681 c80-2GC (Link to this contribution) moved Amendment No. A256G:"Page 421, line 43, after ““of”” insert ““or in connection with””" The no...

Lord Sainsbury of Turville | 681 c82-5GC (Link to this contribution) It might be useful to set out the background to the clause under discussion. The current provisions ...

Lord Sainsbury of Turville | 681 c86-8GC (Link to this contribution) moved Amendment No. A266AZA:"After Clause 868, insert the following new clause—" ““PAYMENT OF EXPE...

Lord Sainsbury of Turville | 681 c93GC (Link to this contribution) Let me make one general comment. The new clause removes doubts in cases where it applies. In other c...

Lord Evans of Temple Guiting | 681 c91GC (Link to this contribution) moved Amendments Nos. A268 to A271B:"Page 504, leave out lines 2 to 8.""Page 504, line 16, at end in...

Lord Sainsbury of Turville | 681 c91-2GC (Link to this contribution) moved Amendment No. A272:"After Clause 882, insert the following new clause—" ““CONTINUITY OF THE ...

Lord Evans of Temple Guiting | 681 c89-90GC (Link to this contribution) moved Amendment No. A266C:"Page 425, line 18, leave out subsection (3) and insert—" ““(3) The regu...

Lord Sharman | 681 c97GC (Link to this contribution) I associate myself with the noble Lord’s remarks about the Bill team and the noble Lords opposite. T...

Lord Hodgson of Astley Abbotts | 681 c97GC (Link to this contribution) I am grateful to the Minister, particularly for his sympathetic final remarks. We look forward to se...

Lord Sainsbury of Turville | 681 c94GC (Link to this contribution) moved Amendment No. A272B:"Page 427, line 23, leave out from beginning to ““provisions”” and insert ...

Lord Sainsbury of Turville | 681 c93GC (Link to this contribution) It is your choice. So that we do not have to debate this now, it will be easier if I withdraw the am...

Lord Hodgson of Astley Abbotts | 681 c93GC (Link to this contribution) I am not prepared to accept it this afternoon.

Lord Sainsbury of Turville | 681 c63GC (Link to this contribution) I am grateful to the noble Lords who tabled this amendment for their careful attention to the copyin...

Lord Haskel | 681 c61GC (Link to this contribution) I have to tell your Lordships that if there is a Division in the Chamber while we are sitting, the C...

Lord Sharman | 681 c63GC (Link to this contribution) moved Amendment No. A253D:"Page 412, line 24, at end insert ““; and" ( ) information relating to n...

Lord Sainsbury of Turville | 681 c63-4GC (Link to this contribution) It is important that we comply with our European obligations and equally important that we ensure th...

Lord Sharman | 681 c67GC (Link to this contribution) I am grateful to the Minister. I am happy to beg leave to withdraw the amendment. Amendment, by lea...

Lord Sharman | 681 c67GC (Link to this contribution) had given notice of his intention to move Amendment No. A254:"Page 416, leave out lines 1 to 33." T...

Lord Sharman | 681 c66GC (Link to this contribution) moved Amendment No. A253H:"Page 415, line 24, at end insert ““and the reason why he cannot produce i...

Lord Sainsbury of Turville | 681 c70-1GC (Link to this contribution) Perhaps I may first deal with the noble Lord’s short, sharp kick to the shins with which he started ...

Lord Sainsbury of Turville | 681 c67-9GC (Link to this contribution) moved Amendment No. A256ZA:"After Clause 862, insert the following new clause—" ““CORPORATE GOVERN...

Lord Hodgson of Astley Abbotts | 681 c74-5GC (Link to this contribution) moved Amendment No. A256D:"Page 421, line 11, leave out subsection (7)." The noble Lord said: Again...

Lord Sainsbury of Turville | 681 c75-6GC (Link to this contribution) As I was saying, the Government share the principle that we perceive to underlie this amendment, tha...

Lord Sainsbury of Turville | 681 c77GC (Link to this contribution) The Government want to encourage greater transparency and accountability of institutional investors ...

Lord Sainsbury of Turville | 681 c80GC (Link to this contribution) Clause 866 confers a power on the Secretary of State and the Treasury to make regulations requiring ...

Lord Sainsbury of Turville | 681 c93GC (Link to this contribution) I think we should move it.

Lord Hodgson of Astley Abbotts | 681 c93GC (Link to this contribution) So the Minister will not be moving the amendment this afternoon?

Lord Hodgson of Astley Abbotts | 681 c94-5GC (Link to this contribution) moved Amendment No. A273:"After Clause 885, insert the following new clause—" ““CONSOLIDATION ETC....

Lord Sainsbury of Turville | 681 c93GC (Link to this contribution) moved Amendment No. A272A:"Page 427, line 19, leave out subsection (2)." The noble Lord said: These...

Lord Freeman | 681 c100GC (Link to this contribution) I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Title agreed to. Bill repo...

Lord Sharman | 681 c62-3GC (Link to this contribution) moved Amendment No. A253C:"Page 412, line 12, after ““to”” insert ““the proportion of””" The noble ...

Lord Sharman | 681 c63GC (Link to this contribution) I am grateful to the Minister for his helpful reply. I beg leave to withdraw the amendment. Amendme...

Lord Sharman | 681 c65GC (Link to this contribution) moved Amendment No. A253G:"Page 412, line 39, leave out ““financial”” and insert ““comparable””" Th...

Lord Sainsbury of Turville | 681 c65-6GC (Link to this contribution) The Government want to ensure that the directive is implemented into UK legislation and that the bou...

Lord Sharman | 681 c64GC (Link to this contribution) I am grateful to the noble Lord for his intervention. I am afraid that I cannot accept that paragrap...

Lord Sharman | 681 c64GC (Link to this contribution) moved Amendment No. A253E:"Page 412, line 34, at end insert ““or””" The noble Lord said: Here we mo...

Lord Sharman | 681 c66GC (Link to this contribution) I stand corrected. In view of the Minister’s response, I am happy to beg leave to withdraw the amend...

Lord Sainsbury of Turville | 681 c71-2GC (Link to this contribution) Then I shall deal with the bureaucracy aspect now and with the issue of the dreadful trade unions ma...

Lord Hodgson of Astley Abbotts | 681 c71GC (Link to this contribution) Having received a sharp kick to the shins back, I should point out that after I made that remark I s...

Lord Hodgson of Astley Abbotts | 681 c77-80GC (Link to this contribution) I rise to oppose the Question whether Clause 866 shall stand part of the Bill and, in doing so, shal...

Lord Hodgson of Astley Abbotts | 681 c77GC (Link to this contribution) I am grateful to the Minister. I do not think that we can take this matter any further this afternoo...

Lord Evans of Temple Guiting | 681 c88-9GC (Link to this contribution) moved Amendment No. A266A:"Page 423, line 25, leave out from ““articles”” to ““, the”” in line 26 an...

Lord Evans of Temple Guiting | 681 c90-1GC (Link to this contribution) moved Amendment No. A267:"Page 503, leave out lines 21 to 24 and insert- ““Section 127(5).””" The n...

Lord Hodgson of Astley Abbotts | 681 c92-3GC (Link to this contribution) The need for transitional provisions has been identified in a number of our earlier debates and I am...

Lord Evans of Temple Guiting | 681 c90GC (Link to this contribution) moved Amendment No. A266D:"Page 426, line 31, leave out ““negative”” and insert ““affirmative””" On...

Lord Evans of Temple Guiting | 681 c90GC (Link to this contribution) moved Amendment No. A266CA:"Page 426, line 10, leave out ““connection with the commencement”” and in...

Lord Freeman | 681 c97-8GC (Link to this contribution) moved Amendment No. A274:"After Clause 885, insert the following clause—" ““IMPACT REVIEW (1) The ...

Lord Sainsbury of Turville | 681 c98-100GC (Link to this contribution) The Government plan to carry out a post-implementation review of the regulatory cost savings expecte...

Lord Hodgson of Astley Abbotts | 681 c97GC (Link to this contribution) I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.

Lord Sainsbury of Turville | 681 c95-7GC (Link to this contribution) I have a great deal of sympathy for Members of the Committee and those practitioners in the wider bu...

Subjects

Disclosure of information

Company law

Companies

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EU law

Insolvency

Regulation

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Legislation

Company Law Reform Bill (HL) 2005-06

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