HC Deb 12 June 1986 vol 99 cc614-5

Amendment made: No. 189, in page 83, line 21, after '109', insert— '(1A) Before the Secretary of State exercises a power under section 101(3)(b) or (c) above, his power to refuse leave under section 102(2) above or his power to give a direction under section 102(4) above in respect of a self-regulating organisation, investment exchange or clearing house, or his power under section 103(3)(b) above in respect of a designated agency, he shall —

  1. (a) give written notice of his intention do do so to the organisation, exchange, clearing house or agency and take such steps (whether by publication or otherwise) as he thinks appropriate for bringing the notice to the attention of any other person who in his opinion is likely to he affected by the exercise of the power; and
  2. (b) have regard to any representation made within such time as he considers reasonable by the organisation, exchange, clearing house or agency or by any such other person.
(1B) A notice under subsection (1A) above shall give particulars of the manner in which the Secretary of State proposes to exercise the power in question and state the reasons for which he proposes to act; and the statement of reasons may include matters contained in any report received by him under section 104 above.'. —[Mr. Howard.]

Forward to