Financial Services and Markets Bill — 18 Apr 2000 at 16:12
[Amendment No. 49 not moved.]
moved Amendments Nos. 50 to 56:
Page 9, line 9, leave out ("an") and insert ("a controlled").
Page 9, line 10, leave out ("an") and insert ("a controlled").
Page 9, line 15, at end insert--
("(9A) An investment is a controlled investment if it is an investment of a specified kind or one which falls within a specified class of investment.").
Page 9, line 16, after ("2") insert ("(except paragraph 26)").
Page 9, line 16, leave out ("subsection (9)") and insert ("subsections (9) and (9A)").
Page 9, line 17, leave out ("that subsection") and insert ("each of those subsections").
Page 9, line 19, at end insert ("or (9A)").
On Question, amendments agreed to.
Clause 20 [The classes of activity and categories of investment]:
moved Amendment No. 57:
Page 9, line 31, at end insert--
("( ) The activity carried on by way of business of giving or offering or agreeing to give advice (other than legal advice) to persons in their capacity as borrowers or potential borrowers on the terms of a loan or a proposed loan secured or to be secured on land or any other property shall be a regulated activity.").
On Question, Whether the said amendment (No. 57) shall be agreed to?
*Their Lordships divided: Contents, 93; Not-Contents, 145.
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