Moved by
Lord Callanan
10: Clause 16, page 9, line 22, leave out from “if” to end of line 23 and insert “regulations made by the Secretary of State provide for the marketable risk country to be so treated.”
Member’s explanatory statement
This amendment provides that the power to provide that a country is not to be treated as a marketable risk country is exercised by making regulations, rather than by giving a direction.
11: Clause 16, page 9, line 24, leave out “give a direction” and insert “make regulations”
Member’s explanatory statement
This amendment is consequential on the amendment at page 9, line 22, in the Minister's name.
12: Clause 16, page 9, line 30, leave out from “must” to “if” in line 31 and insert “by further regulations under subsection (4) revoke regulations under that subsection in respect of a marketable risk country”
Member’s explanatory statement
This amendment is consequential on the amendment in the Minister's name at page 9, line 22 and places the Secretary of State under a duty to revoke the regulations made under subsection (4) if a subsection (5) condition is no longer met.
13: Clause 16, page 9, line 33, leave out subsection (7) and insert—
“(7) Regulations under subsection (4) are subject to the negative procedure.”
Member’s explanatory statement
This amendment is consequential on the amendment in the Minister's name at page 9, line 22.