Consumer Credit Bill — 21 Mar 2006 at 15:41
moved Amendment No. 2:
After Clause 37, insert the following new clause-
"OFT'S GENERAL DUTIES
After section 1 of the 1974 Act insert-
"OFT's general duties
(1) In discharging its functions under this Act to regulate the conduct of licences, the OFT must, so far as is reasonably possible, act in a way-
(a) which is compatible with the regulatory objectives; and
(b) which the OFT considers most appropriate for the purpose of meeting those objectives.
(2) The regulatory objectives are-
(a) the protection of consumers;
(b) the promotion of an efficient and innovative consumer credit industry; and
(c) maintaining a competitive market in consumer credit.""
On Question, Whether the said amendment (No. 2) shall be agreed to?
Their Lordships divided: Contents, 132; Not-Contents, 150.
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Not-Content)||Minority (Content)||Turnout|
|Con||0||81 (+2 tell)||39.9%|
|Lab||127 (+2 tell)||0||62.0%|
|Lord Molyneaux of Killead||Crossbench||aye|
|Lady Saltoun of Abernethy||Crossbench||aye|