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Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Tuesday, 20 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.

Banking Bill

I asked a simple question about whether there is any precedent whatever for the form of words that we see here relaxing the normal arrangements made. Given the form of words, an order can be made—one understands that it may be urgent—and then lapse. However, the clause says that, meanwhile, the situation that was created remains the same. It is left, so to speak, hanging in time without anything attached to it. That will not help the noble Lord. He will have got the urgency, but then the order will have lapsed, and what he wanted to achieve will not have happened except in that particular period of time. He will have achieved nothing in the long term.

Secondary information

Type
Proceeding contribution
Reference
706 c1604 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Conditions of employment Contracts Compensation Codes of practice Company law Companies Directors Administration Assets Bank services Banks Delegated legislation Bank of England Finance Liability Financial institutions Insolvency Financial Services Authority Holding companies Foreign companies Private sector Pay Powers Workplace pensions Property transfer Public sector Partnerships Nationalisation Stocks and shares Taxation Treasury British Bankers' Association Financial Services Compensation Scheme National Loans Fund Statutory instruments Liquidation committees
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk