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Clause 45

Volume 115: debated on Thursday 7 May 1987

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Audited Accounts To Be Open To Inspection

Lords amendment: No. 22, in page 37, line 24, at end insert—

"( ) In the case of an institution incorporated in the United Kingdom the accounts referred to in subsection (1) above include the auditors' report on the accounts and, in the case of any other institution whose accounts are audited, the report of the auditors."

I beg to move, That this House doth agree with the Lords in the said amendment.

Amendment No. 22 relates to clause 45 and requires an authorised institution to keep at each of its offices in the United Kingdom at which it holds itself out as accepting deposits not only its audited accounts but the auditors' report on the accounts. The amendment was suggested by the Opposition in Committee in another place, and I am glad to confirm that it is an acceptable improvement to the Bill.

Question put and agreed to.