HL Deb 09 November 1989 vol 512 cc1069-70

262 Clause 148, page 146, line 19, leave out from 'property' to 'margin' and insert '(other than land) is held by a recognised investment exchange or recognised clearing house as'.

263 Clause 149, page 146, line 42, leave out from beginning to third 'to' in line 3 on page 147 and insert—

  1. '(a) section 140, (Certain money market institutions) or (Settlement arrangements provided by the Bank of England) (power to extend provisions relating to market contracts), or
  2. (b) section 145 (power to extend provisions relating to market charges),
includes power to apply sections (Application of margin not affected by certain other interests), (Priority of floating market charge over subsequent charges), 147 and 148.'.

Lord Trefgarne

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 262 and 263.

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

On Question, Motion agreed to.