Financial Services and Markets Bill — Interpretation — 5 Jun 2000

Lords amendments No. 181 and 182 agreed to.

Lords amendment: No. 183, in page 70, line 28, leave out from ("a") to end of line 30 and insert

("significantly adverse effect on competition if--

(a) they have, or are intended or likely to have, that effect; or

(b) the effect that they have, or are intended to have, is to require or encourage behaviour which has, or is intended or likely to have, a significantly adverse effect on competition.

( ) If regulating provisions or practices have, or are intended or likely to have, the effect of requiring or encouraging exploitation of the strength of a market position they are to be taken, for the purposes of this Chapter, to have an adverse effect on competition.")

Amendment proposed to the Lords amendment: after "position", insert ', or of prejudicing the competitive position of the United Kingdom,'.--[ Mr. Heathcoat- Amory.]

Question put , That the amendment to the Lords amendment be made:--

The House divided: Ayes 129, Noes 283.

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