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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Thursday, 30 March 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].

Company Law Reform Bill [HL]

moved Amendment No. A247: "Page 391, line 41, leave out subsection (4)." The noble Baroness said: Amendment No. A247 is another probing amendment in relation to Clause 826. Under subsection (4), the independent supervisor may enter into supervision arrangements with a body, despite any relationship that exists between the independent supervisor and the body. My amendment deletes that in order to try to find out what is intended. Do the Government intend to make the independent supervisor one of the other bodies within the Financial Reporting Council stable, or even the FRC itself? I understood that the intention was to appoint the Public Oversight Board for Accountancy, in which case I do not understand what is intended by this subsection. It seems to me that this subsection is another part of the wholly artificial arrangements put forward in this Bill. I am trying to find out what on earth is intended. I beg to move.

Secondary information

Type
Proceeding contribution
Reference
680 c433GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Data protection Databases Audit Accountancy Company law Company accounts Companies Directors Applications Administration Court orders ICT Liability Information Documents Internet Electronic commerce Email Qualifications Personal records Public companies Staff Postal services Registration Reform Companies House Professional Oversight Board for Accountancy Statutory instruments
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk