Moved by
Baroness Neville-Rolfe
44: Schedule 3, page 168, line 24, at end insert—
“790SA Protected information
(1) Section 790N and subsections (1) and (2) of section 790O are subject to—
(a) section 790ZE (protection of information as to usual residential address), and
(b) any provision of regulations made under section 790ZF (protection of material).
(2) Subsection (1) is not to be taken to affect the generality of the power conferred by virtue of section 790ZF(3)(ea).”
45: Schedule 3, page 175, line 1, leave out “where an application is granted,”
46: Schedule 3, page 175, line 3, at end insert—
“(ea) the operation of sections 790N to 790S in cases where an application is made, and”
47: Schedule 3, page 180, line 36, leave out “prepare and publish” and insert “issue”
48: Schedule 3, page 180, leave out line 39
49: Schedule 3, page 180, line 40, leave out from “guidance” to first “in” in line 41
50: Schedule 3, page 180, line 42, at end insert—
“(3A) Before issuing guidance under this paragraph the Secretary of State must lay a draft of it before Parliament.
(3B) If, within the 40-day period, either House of Parliament resolves not to approve the draft guidance, the Secretary of State must take no further steps in relation to it.
(3C) If no such resolution is made within that period, the Secretary of State must issue and publish the guidance in the form of the draft.
(3D) Sub-paragraph (3B) does not prevent a new draft of proposed guidance from being laid before Parliament.
(3E) In this section “the 40-day period”, in relation to draft guidance, means the period of 40 days beginning with the day on which the draft is laid before Parliament (or, if it is not laid before each House on the same day, the later of the days on which it is laid).
(3F) In calculating the 40-day period, no account is to be taken of any period during which—
(a) Parliament is dissolved or prorogued, or
(b) both Houses are adjourned for more than 4 days.
(3G) The Secretary of State may revise guidance issued under this paragraph, and a reference in this paragraph to guidance includes a reference to revised guidance.”
51: Schedule 3, page 181, line 15, after “means” insert “—
( ) ”
52: Schedule 3, page 181, line 18, at end insert “, or
( ) a foreign limited partner.
(5) In this paragraph “foreign limited partner” means an individual who—
(a) participates in arrangements established under the law of a country or territory outside the United Kingdom, and
(b) has the characteristics prescribed by regulations made by the Secretary of State.
(6) Regulations under this paragraph may, in particular, prescribe characteristics by reference to—
(a) the nature of arrangements;
(b) the nature of an individual’s participation in the arrangements.
(7) Regulations under this paragraph are subject to affirmative resolution procedure.”