UK Parliament / Open data

Financial Services Bill

Proceeding contribution from Lord Sassoon (Conservative) in the House of Lords on Wednesday, 5 December 2012. It occurred during Debate on bills on Financial Services Bill.

My Lords, Amendment 11 responds directly to a request made by the noble Lord, Lord Eatwell, on Report. On hearing my noble friend Lord Sassoon’s explanation of the underlying purpose of the FPC’s reviews of its live actions—namely, to consider whether they are still necessary and whether they should be removed or revoked—the noble Lord, Lord Eatwell, responded,

“if that is what the new section meant, why did it not say so?”.—[Official Report, 6/11/12; col. 978.]

I believe that the purpose of the reviews could have been derived implicitly from the clause as it was originally drafted. However, I accept that this could be made more explicit in the clause, and Amendment 11 seeks to do exactly that. This is a straightforward amendment,

which responds directly to concerns raised in this House about the clarity of the drafting. I hope that noble Lords can support it. I beg to move.

Type
Proceeding contribution
Reference
741 cc673-4 
Session
2012-13
Chamber / Committee
House of Lords chamber
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