HC Deb 19 February 1987 vol 110 c1124
Mr. Ian Stewart

I beg to move Government amendment No. 48, in page 52, line 4, leave out subsection (1).

Mr. Deputy Speaker

With this it will be convenient to take Government amendment No. 49.

Mr. Stewart

These two amendments deal with a point which my hon. Friend the Member for Stafford (Mr. Cash) raised in Committee. I then undertook, in consideration or his not pressing his amendments at that stage, to bring forward amendments to the same end, and that is what I am now doing. They are technical amendments which extend to subsidiaries and parents or authorised institutions incorporated overseas the right to use the name of their parent or subsidiary for the purpose of indicating the connection between the two companies. It is a minor but important improvement, and I am grateful to my hon. Friend for having brought it to light.

Amendment agreed to.

Amendment made: No. 49, in page 52, line 27, at end insert— '(4A) Section 64 does not prohibit the use by—

  1. (a) an authorised institution which is a wholly-owned subsidiary of an authorised institution to which that section or subsection (4) above applies; or
  2. (b) a company which has a wholly-owned subsidiary which is an authorised institution to which that section or subsection applies,
of a name which includes the name of the authorised institution to which that section or subsection applies for the purpose of indicating the connection between the two companies.'.—[Mr. Ian Stewart.]

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