Draft Financial Services Bill (Joint Committee)

Debate on a motion that this House concurs with the Lords Message of 21 June, that it is expedient that a Joint Committee of Lords and Commons be appointed to consider the draft Financial Services Bill presented to both Houses on 16 June (Cm 8083). That a Select Committee of six Members be appointed to join with the Committee appointed by the Lords to consider the draft Financial Services Bill presented to both Houses on 16 June (Cm 8083). That the Committee should report on the draft Bill by 1 December 2011. That the Committee shall have power— (i) to send for persons, papers and records; (ii) to sit notwithstanding any adjournment of the House; (iii) to report from time to time; (iv) to appoint specialist advisers; and (v) to adjourn from place to place within the United Kingdom. That Mr Nicholas Brown, Mr David Laws, Mr Peter Lilley, David Mowat, Mr George Mudie and Mr David Ruffley be members of the Committee. Debate stood adjourned for a division on a motion that, at this day's sitting, Standing Order No. 41A (Deferred divisions) shall not apply to the Motion in the name of Sir George Young relating to Draft Financial Services Bill (Joint Committee). Agreed to on division (297 votes to 6). Division on a motion that, at this day's sitting, Standing Order No. 41A (Deferred divisions) shall not apply to the motion in the name of Sir George Young relating to Draft Financial Services Bill (Joint Committee). Agreed to on division (290 votes to 6). Debate resumed. Question put that an amendment be made. Amendment negatived. Main question put and agreed to. Resolved, That this House concurs with the Lords Message of 21 June, that it is expedient that a Joint Committee of Lords and Commons be appointed to consider the draft Financial Services Bill presented to both Houses on 16 June (Cm 8083). That a Select Committee of six Members be appointed to join with the Committee appointed by the Lords to consider the draft Financial Services Bill presented to both Houses on 16 June (Cm 8083). That the Committee should report on the draft Bill by 1 December 2011. That the Committee shall have power— (i) to send for persons, papers and records; (ii) to sit notwithstanding any adjournment of the House; (iii) to report from time to time; (iv) to appoint specialist advisers; and (v) to adjourn from place to place within the United Kingdom. That Mr Nicholas Brown, Mr David Laws, Mr Peter Lilley, David Mowat, Mr George Mudie and Mr David Ruffley be members of the Committee.