HL Deb 24 July 2002 vol 638 c479

13 Leave out Clause 11.

The Commons insisted on their disagreement to Lords Amendment No. 13 but proposed the following amendments to the words restored to the Bill by that disagreement-

13F Page 7, line 40, leave out "the requirements set out" and insert "any applicable requirements of regulations under"

13G Page 7, line 42, leave out "has ceased to satisfy those" and insert "fails to satisfy any such"

13H Page 7, line 43, leave out from beginning to "requirements" on page 8, line 3 and insert— (3) Regulations—

  1. (a)shall provide that except in such cases as may be prescribed, the company must be prohibited by its constitution from admitting to its membership any person who is not of a prescribed description, and
  2. (b) may impose"

13J Page 8, line 10, leave out "may" and insert "shall"

13K Page 8, line 18, at end insert- (5A) Regulations may also-

13L Page 8, line 19, leave out "so designated" and insert "designated as the supervising authority for a company"

Baroness Ashton of Upholland

My Lords, I beg to move that the House do not insist on their Amendment No. 13 to which the Commons have disagreed and do agree with the Commons in their Amendments Nos. 13F to 13L to the words so restored to the Bill. I have already spoken to these amendments.

Moved, That the House do not insist on their Amendment No. 13 to which the Commons have disagreed and do agree with the Commons in their Amendments Nos. 13F to 13L to the words so restored to the Bill.—(Baroness Ashton of Upholland.)

Baroness Blatch had given notice of her intention to move, as an amendment to Amendments Nos. 13F to 13K, Amendment No. 13M:

13M Leave out from "House" to end and insert do insist on their Amendment No. 13".

The noble Baroness said: My Lords, clearly I shall not be pressing Amendment No. 13M. However, in passing, I have to say that we shall be watching and waiting: we shall watch every regulation, every set of guidance, every set of guidelines; and we shall follow them through. As I am a newly-appointed governor, I shall be on the receiving end of much of this bumph. I shall hold everyone on the Government's side who has spoken in this debate to account.

[Amendment No. 13M not moved.]

On Question, Motion agreed to.