Proceeding contribution from Rob Marris (Labour) in the House of Commons on Tuesday, 28 November 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Investment Exchanges and Clearing Houses Bill.

Investment Exchanges and Clearing Houses Bill

I understand where the hon. Gentleman is going, but may I suggest the other side of the coin? Shareholders in a recognised body might be concerned if they could not tighten their own rules to protect the solvency of their organisation because such tightening would fall foul of the legislation. The Bill might deem it excessive, because it would not be required under UK or Community law. Thus, if an organisation wanted to take action internally to protect itself and its shareholders, it might not be allowed to do so.

Secondary information

Type: Proceeding contribution
Reference: 453 c994
Session: 2006-07
Chamber / Committee: House of Commons chamber
Subjects: Accountability Bureaucracy Jurisdiction Investment Financial Services Authority Financial markets Ownership Powers Standards Regulation Stocks and shares Rules of procedure Takeovers USA Trade competitiveness London Stock Exchange Recognised clearing houses Recognised investment exchanges
Legislation: Investment Exchanges and Clearing Houses Bill 2006-07
Link: View this Proceeding contribution on www.publications.parliament.uk

Investment Exchanges and Clearing Houses Bill

Secondary information

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