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Financial Services Bill

Volume 741: debated on Monday 26 November 2012

Report (4th Day) (Continued)

Clause 24 : Short selling rules

Amendments 87 and 88

Moved by

87: Clause 24, page 110, line 2, leave out from “Authority”” to end of line 3 and insert “or “Authority’s” in each place substitute “FCA” or “FCA’s”.”

88: Clause 24, page 110, line 4, leave out subsection (2) and insert—

“(2) Subsection (1) does not affect references to “the competent authority”.”

Amendments 87 and 88 agreed.

Clause 25 : Control over authorised persons

Amendment 89

Moved by

89: Clause 25, page 111, line 20, at end insert “or 3IA”

Amendment 89 agreed.

Will the Government please consider the timetabling? It is unreasonable to call the next amendment when Members are expecting the House to be in the middle of the second Statement, which should have started immediately after the first one. The only sensible option is to adjourn during pleasure.

Sitting suspended.