Skip to main content

Power To Hedge Asset Position

Volume 98: debated on Wednesday 4 June 1986

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 415, in page 31, line 13 after 'may', insert

'effect contracts of a prescribed description'.

No. 416, in page 31, line 15, leave out from 'business' to end of line 17.

No. 417, in page 31, line 25, at end insert 'and'.

No. 418, in page 31, line 27, leave out 'financial futures contracts and'.

No. 396, in page 31, line 30, after '(3)', insert

'Except as provided under subsection (3A) below,'.

No. 397, in page 31, line 33, at end insert—

`(3A) The Commission, with the consent of the Treasury, may by order provide that subsection (3) above shall not have effect, as regards prescribed powers, in relation to prescribed descriptions of building societies.'.

No. 398, in page 31, line 37, leave out '(2) above' and insert

'(2) or (3A) above—
  • (a) includes power to make such transitional provision as the Commission considers necessary or expedient, and
  • (b)'.
  • No. 399, in page 32, line 2, leave out 'above' and insert

    'or (3A) above, as the case may be'. —[Mr. Ian Stewart.]