HL Deb 07 November 1989 vol 512 cc647-8

116 Clause 71, page 67, line 2, leave out 'III' and insert 'II, III or VII'.

117 Page 67, line 3 at end insert— '(aa) for paragraph (e) substitute — (e) for the purpose—

  1. (i) of enabling or assisting a designated agency to discharge its functions under this Act or Part VII of the Companies Act 1989,
  2. (ii) of enabling or assisting a transferee body or the competent authority to discharge its functions under this Act, or
  3. (iii) of enabling or assisting the body administering a scheme under section 54 above to discharge its functions under the scheme;";
(ab) after paragraph (h) insert— (hh) for the purpose of enabling or assisting a body established by order under section 44 of the Companies Act 1989 to discharge its functions under Part II of that Act, or of enabling or assisting a recognised supervisory or qualifying body within the meaning of that Part to discharge its functions as such;";'.

118 After Clause 75, insert the following new Clause—

'Amendment of the Building Societies Act 1986.

In section 53 of the Building Societies Act 1986 (confidentiality of information obtained by the Building Societies Commission), in subsection (7)(b) (functions of Secretary of State for purposes of which disclosure may be made) after sub-paragraph (ii) insert— , or (iii) Part II, III or VII of the Companies Act 1989;".'

119 Insert the following new Clause—

'Amendments of the Banking Act 1987.

1.—(1) In section 84(1) of the Banking Act 1987 (disclosure of information obtained under that Act), the Table showing the authorities to which, and functions for the purposes of which, disclosure may be made is amended as follows.

(2) In the entry relating to the Secretary of State, in column 2, for "or the Financial Services Act 1986" substitute ", the Financial Services Act 1986 or Part II, III or VII of the Companies Act 1989".

(3) For the entry relating to inspectors appointed by the Secretary of State substitute—

"An inspector appointed under Part XIV of the Companies Act 1985 or section 94 or 177 of the Financial Services Act 1986. Functions under that Part or that section.".

(4) For the entry beginning "A person authorised by the Secretary of State" substitute—

"A person authorised to exercise powers under section 44 of the Insurance Companies Act 1982, section 447 of the Companies Act 1985, section 106 of the Financial Services Act 1986 or section 78 of the Companies Act 1989. Functions under that section.".

(5) For the entry relating to a designated agency or transferee body or the competent authority (within the meaning of the Financial Services Act 1986) substitute—

"A designated agency (within the meaning of the Financial Services Act 1986) Functions under the Financial Services Act 1986 or Part VII of the Companies Act 1989.
A transferee body or the competent authority (within the meaning of the Financial Services Act 1986.) Functions under the Financial Services Act 1986.".'.

Lord Trefgarne

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 116 to 119.

Moved, That the House do agree with the Commons in the said amendments.—(Lord Trefgarne.)

On Question, Motion agreed to.