Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009; draft Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Considered by Delegated Legislation Committee.

Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009; draft Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Considered by Delegated Legislation Committee.

I do not have those facts to hand; part of the answer to that is that that is the responsibility of the Bank of England, but I will take steps to translate the noble Lord’s questions to the appropriate authority and seek to get an answer for him. On Dunfermline,...

I do not have those facts to hand; part of the answer to that is that that is the responsibility of the Bank of England, but I will take steps to translate the noble Lord’s questions to the appropriate authority and seek to get an answer for him. On Dunfermline,...

Before the Minister sits down, he made a handsome offer at the outset that Hansard would be carefully scrutinised and that those questions that were not answered would be answered separately in writing—copied, I hope, to the noble Lord, Lord Oakeshott. I think he will find that he did not...

Before the Minister sits down, he made a handsome offer at the outset that Hansard would be carefully scrutinised and that those questions that were not answered would be answered separately in writing—copied, I hope, to the noble Lord, Lord Oakeshott. I think he will find that he did not...

Section 75 was a very important provision in the Act. I hope that the noble Baroness will rightly identify that a mistake has been made, which we clearly need to take lessons from—I emphasise that point—and recognise the wisdom of the Act being presented in such a way that we...

Section 75 was a very important provision in the Act. I hope that the noble Baroness will rightly identify that a mistake has been made, which we clearly need to take lessons from—I emphasise that point—and recognise the wisdom of the Act being presented in such a way that we...

In the light of these questions, I shall learn to sit down more quickly. On the latter point, I will have to write to the noble Lord. On the initial point, though, the provision in paragraph 3 of Schedule 2 of the compensation order is intended to limit any compensation...

In the light of these questions, I shall learn to sit down more quickly. On the latter point, I will have to write to the noble Lord. On the initial point, though, the provision in paragraph 3 of Schedule 2 of the compensation order is intended to limit any compensation...

Until the Minister stood up, I had not realised that we were debating the two orders together, which is entirely my fault, because I can see that properly stated on the Order Paper, so I will be shuffling my papers between the two. If the Minister will permit me, I...

Until the Minister stood up, I had not realised that we were debating the two orders together, which is entirely my fault, because I can see that properly stated on the Order Paper, so I will be shuffling my papers between the two. If the Minister will permit me, I...

Deputy Chairman, it might be convenient for the Minister if I very briefly intervened to make a few remarks.

Deputy Chairman, it might be convenient for the Minister if I very briefly intervened to make a few remarks.

Thank you. It is the arthritis of old age. These are the problems that occur if you live long enough. I declare an interest in that many decades ago I was a Dunfermline Building Society manager. I do not intend to repeat the few remarks which I made in the...

Thank you. It is the arthritis of old age. These are the problems that occur if you live long enough. I declare an interest in that many decades ago I was a Dunfermline Building Society manager. I do not intend to repeat the few remarks which I made in the...

That the Grand Committee do report to the House that it has considered the Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Relevant Document: 17th Report from the Joint Committee on Statutory Instruments.

That the Grand Committee do report to the House that it has considered the Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Relevant Document: 17th Report from the Joint Committee on Statutory Instruments.

I shall speak also to the Amendments to Law (Resolution of Dunfermline Building Society)(No. 2) Order 2009. Before discussing the draft compensation order, perhaps I may explain why the Treasury took the decision to withdraw the draft instrument laid before Parliament on 4 June and to re-lay it on 15...

I shall speak also to the Amendments to Law (Resolution of Dunfermline Building Society)(No. 2) Order 2009. Before discussing the draft compensation order, perhaps I may explain why the Treasury took the decision to withdraw the draft instrument laid before Parliament on 4 June and to re-lay it on 15...

Why? I have a gammy leg at the moment, if you don’t mind.

Why? I have a gammy leg at the moment, if you don’t mind.

I am grateful to all noble Lords. I offer my rather belated congratulations to the noble Baroness on her birthday yesterday. I had hoped she had had such an uproarious evening yesterday that she would be somewhat blighted today, but no such luck. She is on her usual form. I...

I am grateful to all noble Lords. I offer my rather belated congratulations to the noble Baroness on her birthday yesterday. I had hoped she had had such an uproarious evening yesterday that she would be somewhat blighted today, but no such luck. She is on her usual form. I...

Will the Minister point me to the Hansard reference where he ever said that Section 75 was going to be used to rectify errors of this nature?

Will the Minister point me to the Hansard reference where he ever said that Section 75 was going to be used to rectify errors of this nature?

As I am also being kind today, I remind the Minister that I said I was mystified by the business about borrowers on the commercial loan book being eligible claimants under FSCS rules. I invite him to write to me without my having to chase him on that point.

As I am also being kind today, I remind the Minister that I said I was mystified by the business about borrowers on the commercial loan book being eligible claimants under FSCS rules. I invite him to write to me without my having to chase him on that point.

I start with the Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Well, this looks like a fair old cock-up, doesn’t it? I heard the Minister’s remarks about technical changes and technical mistakes, but if my advisers in a commercial transaction presented me with this and...

I start with the Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Well, this looks like a fair old cock-up, doesn’t it? I heard the Minister’s remarks about technical changes and technical mistakes, but if my advisers in a commercial transaction presented me with this and...

The Minister is moving on, but I am afraid that I did not hear him answer my questions, which were pretty simple, I thought. Was this matter handled entirely in-house? I am particularly interested in the legal advice and the legal process followed by the Bank of England legal team....

The Minister is moving on, but I am afraid that I did not hear him answer my questions, which were pretty simple, I thought. Was this matter handled entirely in-house? I am particularly interested in the legal advice and the legal process followed by the Bank of England legal team....

Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Lords debate on a motion to consider. Agreed to on question. Debated with draft Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Grand Committee held in the Moses Room. [Relevant document: 17th report from the Joint Committee on Statutory Instruments]

Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Lords debate on a motion to consider. Agreed to on question. Debated with draft Amendments to Law (Resolution of Dunfermline Building Society) (No. 2) Order 2009. Grand Committee held in the Moses Room. [Relevant document: 17th...

Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Together with an explanatory memorandum from the Treasury. Laid before Parliament for approval by resolution of each House. Replaces version laid 4 June 2009 (UP 823 2008-09). Coming into force the day after the order is made.

Draft Dunfermline Building Society Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. Together with an explanatory memorandum from the Treasury. Laid before Parliament for approval by resolution of each House. Replaces version laid 4 June 2009 (UP 823 2008-09). Coming into force the day after the order is...