UK Parliament / Open data

Financial Services (Banking Reform) Bill

Moved by

Lord Deighton

38: Schedule 2, page 121, line 25, leave out from first “instrument” to “may” in line 26

39: Schedule 2, page 125, line 39, after “41A(2)” insert “, or an associated supplemental property transfer instrument,”

40: Schedule 2, page 125, line 41, at end insert—

“( ) The reference in subsection (1) to an “associated” supplemental property transfer instrument is to a supplemental property transfer instrument in relation to which the original instrument (as defined in section 42(1)) is a property transfer instrument under section 12(2) or 41A(2).”

41: Schedule 2, page 125, line 42, after “12(2),” insert “or a supplemental property transfer instrument in relation to which the original instrument is a property transfer instrument under section 12(2),”

42: Schedule 2, page 126, line 42, at end insert—

“( ) In section 52 (transfer to bridge bank), in subsection (3)(b), for “specified classes of creditor,” substitute “persons of a specified description,”.”

43: Schedule 2, page 127, line 4, at end insert “or”

44: Schedule 2, page 127, line 5, leave out from “41A(2)” to end of line 6

45: Schedule 2, page 127, line 14, at end insert—

“( ) before paragraph (za) insert—

“(zza) the Bank of England makes a supplemental share transfer instrument under section 26,”;

( ) after paragraph (za) insert—

“(zb) the Treasury makes a supplemental share transfer order under section 27,”;

( ) after paragraph (d) insert—

“(dza) the Bank of England makes a supplemental property transfer instrument under section 42,”;”

46: Schedule 2, page 127, leave out lines 18 and 19

47: Schedule 2, page 127, line 21, at end insert—

““( ) the Bank of England makes a supplemental resolution instrument under section 48U,”

48: Schedule 2, page 127, line 23, at end insert “or”

49: Schedule 2, page 127, line 25, leave out from “(3)” to end of line 27

50: Schedule 2, page 127, line 27, at the end insert—

“( ) in the heading, after “transfers” insert “etc”.”

51: Schedule 2, page 128, line 4, after “require” insert “a resolution fund order,”

52: Schedule 2, page 128, line 13, at end insert—

“( ) to depend in part upon the amounts which are or may be payable under a resolution fund order;”

53: Schedule 2, page 134, line 32, leave out “that provides for a transfer of securities”

54: Schedule 2, page 134, line 33, leave out from “instrument” to end of line 35 and insert “; and in relation to a resolution instrument references in this section to a “transfer” are to a transfer of securities (whether made by that or another resolution instrument) and “transferor” and “transferee” are to be read accordingly.”

55: Schedule 2, page 134, line 36, leave out paragraph 16

Type
Proceeding contribution
Reference
750 c710 
Session
2013-14
Chamber / Committee
House of Lords chamber
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