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Proceeding contribution from Lord Stewartby (Conservative) in the House of Lords on Tuesday, 3 February 2009. It occurred during Debate on bill on Banking Bill.


Banking Bill

My Lords, subsection (8) is drafted in a slightly odd way. It appears to mean that when the order is made it is in a conditional state, because if it is not ratified by a resolution of both Houses it ceases to have effect. Is that the normal way in which an order is made? If it is not, it is an extraordinary constitutional invention. Would my noble and learned friend care to comment on that?


Secondary information

Type
Proceeding contribution
Reference
707 c571-2 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Compensation Consumers Accountability Audit Assets Debts Bank services Banks Delegated legislation Advisory services Bank of England Finance Liability Financial institutions Insolvency Government assistance Financial Services Authority Holding companies Protection Payments Public interest Public sector Public expenditure Parliamentary scrutiny Loans Post offices Post Office Nationalisation Regulation Rural areas Treasury Financial Services Compensation Scheme National Loans Fund Financial Stability Committee Sunset clauses Retrospective legislation
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk