UK Parliament / Open data

Financial Services Bill

Proceeding contribution from Lord Peston (Labour) in the House of Lords on Wednesday, 28 November 2012. It occurred during Debate on bills on Financial Services Bill.

My Lords, my remarks will change the atmosphere of “love fest” between the two Front Benches with regard to the “may/must” question. There seems to be a semantic problem here in that “must” appears in new Section (2) proposed by Amendment 107D, which one could interpret to mean must. Unfortunately, however, new Section (3) proposed by the same amendment converts “must” into “may”, because it says that if the measure is not in the public interest the “must” does not apply. That shows how difficult it is

to draft Bills, particularly in circumstances such as these. I assume that lawyers will flourish when they read “must” in proposed new Section (2) and then discover that the Treasury has decided that it is not in the public interest to publish a direction, and therefore “must” no longer applies. I thought that I ought to add that to the otherwise very pleasant interchange to which I have been listening.

Type
Proceeding contribution
Reference
741 c206 
Session
2012-13
Chamber / Committee
House of Lords chamber
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