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Banking Bill

I am moving the amendment on a probing basis. Clause 61 deals with the sources of compensation for the various compensation orders, and lists in subsection (2) the Treasury, the Financial Services Compensation Scheme and then ““any other specified person””. It is this latter category that I am seeking to probe with my amendment. Will the Minister say who these other persons might be? The clause is drawn very widely. Will he say whether there are any limits on the categories of person who may be required to cough up for a compensation order? In addition, Clause 5, which requires a code of practice, does not extend to compensation orders, and in view of the breadth of Clause 61(2), it seems odd that the code of practice will not cover this issue. I invite the Minister to reflect upon whether the code should in fact be the place where this is spelt out in more detail, so that people understand how this is expected to work in practice. That is what I understood the code of practice to be aimed at. I beg to move.