HL Deb 19 November 2003 vol 654 c2026

26 Clause 12, page 5, line 33, at end insert—

( ) In making the code the regulator shall ensure that the economic effect of all commitments to make payments over periods exceeding one year is taken into account.

The Commons disagree to this amendment for the following reason—

26A Because the provision is not necessary for a borrowing code.

Lord Warner

My Lords, I have spoken to this amendment with Amendment No. 5.I beg to move.

Moved, That the House do not insist on its Amendment No. 26, to which the Commons have disagreed for their reason numbered 26A.—(Lord Warner.)

On Question, Motion agreed to.