Financial Services and Markets Bill — 30 Mar 2000 at 19:27
Clause 293 [Complaints about recognised bodies]:
[Amendment No. 257B not moved.]
moved Amendment No. 257C:
Page 151, line 43, leave out subsection (2) and insert--
("( ) The arrangements made by the Authority must provide for the investigator to report to the Authority on the result of his investigation and, if he considers a complaint to be well-founded, to make recommendations to the Authority on the steps (if any) which the recognised body should take to remedy the matter complained of.
( ) If the investigator reports to the Authority that a complaint is well-founded, the Authority may direct the recognised body to take specified steps in response to the investigator's report.
( ) Specified steps may include the payment by the recognised body of a specified sum or specified sums to a specified person or specified persons.
( ) "Independent" means appearing to the Authority to be independent of the recognised body.
( ) "Specified" means specified by the Authority.").
On Question, Whether the said amendment (No. 257C) shall be agreed to?
Their Lordships divided: Contents, 30; Not-Contents, 73.
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