Amendment text
Lord Blencathra gives notice of his intention to oppose the Question that Clause 1 stand part of the Bill.
Proposed amendments
259 amendments across 40 provisions
Clause 1 62
Tabled againstAs introduced· Clause 1
Amendment text
leave out “person” and insert “insolvency practitioner, or has an appropriate qualification from a UK chartered accountancy body”
Amendment text
at end insert—
a list by the directors of all known creditors of the company,”
a list by the directors of all known creditors of the company,”
Amendment text
at end insert—
is independent from the company,”
is independent from the company,”
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
at end insert—
a statement from the directors detailing the amount owed to or from the company in outstanding late payments, including potential statutory interest and compensation under the terms of the Late Payment of Commercial Debts (Interest) Act 1998 over the relevant limitation period.”
a statement from the directors detailing the amount owed to or from the company in outstanding late payments, including potential statutory interest and compensation under the terms of the Late Payment of Commercial Debts (Interest) Act 1998 over the relevant limitation period.”
Amendment text
leave out “changing the definition of “the relevant documents”” and insert “adding to the list of documents”
Amendment text
at end insert—
a list by the directors of all known creditors of the company,”
a list by the directors of all known creditors of the company,”
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
after “debts,” insert—
a statement on behalf of any trade union made on behalf of employees affected by the proposed rescue of the company as a going concern,”
a statement on behalf of any trade union made on behalf of employees affected by the proposed rescue of the company as a going concern,”
Amendment text
leave out from beginning to end of line 2 on page 6
Amendment text
leave out “would” and insert “could”
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
after “company” insert “or the company’s business”
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
at end insert—
In deciding whether to make the statement under subsection (1)(e) the monitor is entitled to rely on information provided by the company unless the monitor has reason to doubt its accuracy.”
In deciding whether to make the statement under subsection (1)(e) the monitor is entitled to rely on information provided by the company unless the monitor has reason to doubt its accuracy.”
Amendment text
leave out lines 29 to 32
Amendment text
leave out lines 39 to 41
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
at end insert—
For small businesses, in this Chapter, the initial period in relation to a moratorium means the period of 30 business days beginning with the business day after the day on which the moratorium comes into force.”
For small businesses, in this Chapter, the initial period in relation to a moratorium means the period of 30 business days beginning with the business day after the day on which the moratorium comes into force.”
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
leave out lines 39 and 40
Amendment text
leave out lines 8 to 11
Amendment text
after “company” insert “or the company’s business”
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
after “company” insert “or the company’s business”
Amendment text
leave out lines 21 and 22
Amendment text
leave out “more than once” and insert “multiple times with no limit”
Amendment text
at end insert—
banks and other financial creditors may not seek to accelerate payment.”
banks and other financial creditors may not seek to accelerate payment.”
Amendment text
leave out lines 27 and 28
Amendment text
at end insert—
However, the court may not give permission for the disposal of any property or asset under subsection (1) which has been pledged to the company’s defined benefit pension scheme unless the Pension Protection Fund has given prior permission for its disposal.”
However, the court may not give permission for the disposal of any property or asset under subsection (1) which has been pledged to the company’s defined benefit pension scheme unless the Pension Protection Fund has given prior permission for its disposal.”
Amendment text
leave out lines 3 and 4
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
after “company” insert “or the company’s business”
Amendment text
after “company” insert “or the company’s business or part of that business”
Amendment text
after “company” insert “or the company’s business”
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
leave out lines 6 and 7
Amendment text
at end insert—
Challenge brought by Board of the Pension Protection Fund
Challenge brought by Board of the Pension Protection Fund
Amendment text
leave out lines 21 and 22
Amendment text
at end insert—
Power to make provision in connection with pension schemes
Power to make provision in connection with pension schemes
Amendment text
at end insert “, other than debts or other liabilities arising as a result of the moratorium”
Amendment text
at end insert—
““employer”, in relation to a pension scheme—
““employer”, in relation to a pension scheme—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
goods and services where the supplier is a small entity as defined in section 13(4) to (10) of this Act at the time the company becomes subject to the procedure.
goods and services where the supplier is a small entity as defined in section 13(4) to (10) of this Act at the time the company becomes subject to the procedure.
Amendment text
at end insert—
““money purchase scheme” has the meaning given by section 181(1) of the Pension Schemes Act 1993;”
““money purchase scheme” has the meaning given by section 181(1) of the Pension Schemes Act 1993;”
Amendment text
at end insert—
the prescribed part of a company’s net property available for the satisfaction of unsecured debts under section 176A of the Insolvency Act 1986”
the prescribed part of a company’s net property available for the satisfaction of unsecured debts under section 176A of the Insolvency Act 1986”
Amendment text
at end insert—
““occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993;
““occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993;
Amendment text
leave out lines 25 and 26
Amendment text
at end insert—
banks and other financial creditors may not seek to accelerate payment, or apply new fees and interest rates other than to reflect market-wide changes, including base rate or interbank lending rate changes”.
banks and other financial creditors may not seek to accelerate payment, or apply new fees and interest rates other than to reflect market-wide changes, including base rate or interbank lending rate changes”.
Amendment text
at end insert—
This section does not apply in relation to a floating charge that is—
This section does not apply in relation to a floating charge that is—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
However, the court may not give permission for the disposal of any property or asset under subsection (1) which has been pledged to the company’s defined benefit pension scheme unless the Pension Protection Fund has given prior permission for its disposal.”
However, the court may not give permission for the disposal of any property or asset under subsection (1) which has been pledged to the company’s defined benefit pension scheme unless the Pension Protection Fund has given prior permission for its disposal.”
Amendment text
at end insert—
The Secretary of State must provide a definition of the role of the monitor with regards to its relationship to—
The Secretary of State must provide a definition of the role of the monitor with regards to its relationship to—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert “, or the management of the affairs, business and property of the company.”
Amendment text
after “company” insert “or the company’s business”
Amendment text
after “company” insert “or the company’s business”
Amendment text
leave out lines 34 to 36
Amendment text
leave out lines 41 to 43
Amendment text
at end insert—
Subsection (1) does not apply to a provision in an instrument creating a floating charge that is—
Subsection (1) does not apply to a provision in an instrument creating a floating charge that is—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
leave out lines 11 to 13
Amendment text
leave out lines 8 to 10
Amendment text
Insert the following new Clause—
“Review of the moratorium in Great Britain
“Review of the moratorium in Great Britain
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Moratoriums in Great Britain: time-limited effect and renewal
“Moratoriums in Great Britain: time-limited effect and renewal
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 4 20
Amendment text
leave out “changing the definition of “the relevant documents”” and insert “adding to the list of documents”
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
leave out lines 34 to 38
Amendment text
leave out lines 20 to 24
Amendment text
leave out lines 4 to 8
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and
Amendment text
at end insert—
Challenge brought by Board of the Pension Protection Fund
Challenge brought by Board of the Pension Protection Fund
Amendment text
leave out from “Assembly” to end of line 10
Amendment text
at end insert—
Power to make provision in connection with pension schemes
Power to make provision in connection with pension schemes
Amendment text
at end insert —
““employer”, in relation to a pension scheme—
““employer”, in relation to a pension scheme—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert —
““money purchase scheme” has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;”
““money purchase scheme” has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;”
Amendment text
at end insert—
““occupational pension scheme” has the meaning given by section 1 of the Pension Schemes (Northern Ireland) Act 1993;
““occupational pension scheme” has the meaning given by section 1 of the Pension Schemes (Northern Ireland) Act 1993;
Amendment text
leave out lines 1 and 2
Amendment text
at end insert—
banks and other financial creditors may not seek to accelerate payment, or apply new fees and interest rates other than to reflect market-wide changes, including base rate or interbank lending rate changes”.
banks and other financial creditors may not seek to accelerate payment, or apply new fees and interest rates other than to reflect market-wide changes, including base rate or interbank lending rate changes”.
Amendment text
at end insert—
This Article does not apply in relation to a floating charge that is—
This Article does not apply in relation to a floating charge that is—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Conflicts of interest
Conflicts of interest
Amendment text
at end insert—
Paragraph (1) does not apply to a provision in an instrument creating a floating charge that is—
Paragraph (1) does not apply to a provision in an instrument creating a floating charge that is—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Review of the moratorium in Northern Ireland
“Review of the moratorium in Northern Ireland
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Moratoriums in Northern Ireland: time-limited effect and renewal
“Moratoriums in Northern Ireland: time-limited effect and renewal
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 7 2
Amendment text
Insert the following new Clause—
“Administration in Great Britain: revival of power about sales to connected persons
“Administration in Great Britain: revival of power about sales to connected persons
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Administration in Northern Ireland: power about sales to connected persons
“Administration in Northern Ireland: power about sales to connected persons
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 10 5
Amendment text
leave out from “30” to end of line 18 and insert “September 2020.”
Amendment text
at end insert—
Subsection (1) applies in relation to claims whose underlying facts arose during the period beginning with 1 March 2020 and ending with the day on which this section comes into force only insofar as the court is satisfied that those facts were related to the effects of coronavirus.”
Subsection (1) applies in relation to claims whose underlying facts arose during the period beginning with 1 March 2020 and ending with the day on which this section comes into force only insofar as the court is satisfied that those facts were related to the effects of coronavirus.”
Amendment text
at end insert—
“, unless the court has reason to suspect the person was in breach of the general duties under sections 171 to 177 of the Companies Act 2006 during the relevant period.”
“, unless the court has reason to suspect the person was in breach of the general duties under sections 171 to 177 of the Companies Act 2006 during the relevant period.”
Amendment text
leave out “30 June 2020” and insert “30 September 2020”
Amendment text
leave out “Act” and insert “section”
Clause 11 4
Amendment text
leave out from “30” to end of line 41 and insert “September 2020.”
Amendment text
at end insert—
Subsection (1) applies in relation to claims whose underlying facts arose during the period beginning with 1 March 2020 and ending with the day on which this section comes into force only insofar as the court is satisfied that those facts were related to the effects of coronavirus.”
Subsection (1) applies in relation to claims whose underlying facts arose during the period beginning with 1 March 2020 and ending with the day on which this section comes into force only insofar as the court is satisfied that those facts were related to the effects of coronavirus.”
Amendment text
leave out “30 June 2020” and insert “30 September 2020”
Amendment text
leave out “Act” and insert “section”
Clause 12 2
Amendment text
at end insert—
This section does not apply in relation to a contract for the supply of goods or services to a company where the supplier is not in its first financial year at the relevant time and meets at least two of the following conditions in the most recent financial year--
This section does not apply in relation to a contract for the supply of goods or services to a company where the supplier is not in its first financial year at the relevant time and meets at least two of the following conditions in the most recent financial year--
Amendment text
leave out lines 8 to 12
Clause 13 3
Amendment text
leave out from “30” to end of line 11 and insert “September 2020.”
Amendment text
leave out “June” and insert “September”
Amendment text
leave out from “if” to line 6 on page 70 and insert “the supplier's average turnover for each complete month in the supplier's first financial year is not more than £850,000.”
Clause 17 13
Amendment text
leave out from “30” to end of line 2 and insert “September 2020.”
Amendment text
Insert the following new Clause—
“Review of pre-pack transactions
“Review of pre-pack transactions
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Administration: sale to connected persons
“Administration: sale to connected persons
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
leave out “June” and insert “September”
Amendment text
Insert the following new Clause—
“Ring-fence for unsecured creditors
“Ring-fence for unsecured creditors
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Review of pre-pack transactions
“Review of pre-pack transactions
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Trade union representation in restructuring process
“Trade union representation in restructuring process
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Ring-fence for unsecured creditors
“Ring-fence for unsecured creditors
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Administration: sale to connected persons
“Administration: sale to connected persons
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Mandatory referral of connected party pre-pack proposals to the Pre-Pack Pool
“Mandatory referral of connected party pre-pack proposals to the Pre-Pack Pool
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Insolvency provisions: impact on court
“Insolvency provisions: impact on court
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Insolvency event: Great Britain
“Insolvency event: Great Britain
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Insolvency event: Northern Ireland
“Insolvency event: Northern Ireland
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 20 2
Amendment text
at end insert—
the need for the provision made by the regulations is urgent,”
the need for the provision made by the regulations is urgent,”
Amendment text
at end insert—
that there is an urgent need to do so and that it would not be reasonably practicable to enact primary legislation within the period within which it was considered necessary to act,”
that there is an urgent need to do so and that it would not be reasonably practicable to enact primary legislation within the period within which it was considered necessary to act,”
Clause 21 3
Amendment text
at end insert—
The Secretary of State must lay a report before Parliament every three months reviewing the use of regulations under section 18.”
The Secretary of State must lay a report before Parliament every three months reviewing the use of regulations under section 18.”
Amendment text
at end insert—
The Secretary of State must lay a report before Parliament every three months reviewing the use of regulations under section 18.”
The Secretary of State must lay a report before Parliament every three months reviewing the use of regulations under section 18.”
Amendment text
at end insert—
has financially harmed small or medium-sized companies or unsecured creditors,”
has financially harmed small or medium-sized companies or unsecured creditors,”
Clause 22 5
Amendment text
leave out from “which is” to end of line 15 and insert—
after the period of one year beginning with the date for the time being specified in subsection (1), or
after the period of one year beginning with the date for the time being specified in subsection (1), or
Amendment text
after “may” insert “not”
Amendment text
leave out subsections (3) and (4)
Amendment text
after “year,” insert “and
may not substitute a date that is later than two years after the day on which this Act was passed,”
may not substitute a date that is later than two years after the day on which this Act was passed,”
Amendment text
after “may” insert “not”
Clause 23 1
Amendment text
at end insert—
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
Clause 24 4
Amendment text
after “applies,” insert “or
regulations made under section 23 which make provision by amending an Act or an Act of the Scottish Parliament,”.
regulations made under section 23 which make provision by amending an Act or an Act of the Scottish Parliament,”.
Amendment text
at end insert—
Where regulations cease to have effect as a result of subsection (3) that does not—
Where regulations cease to have effect as a result of subsection (3) that does not—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
after “section 23” insert “which do not make provision by amending an Act or an Act of the Scottish Parliament”
Amendment text
after “section 23” insert—
may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament, if the regulations amend primary legislation, and
may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament, if the regulations amend primary legislation, and
Clause 28 1
Amendment text
at end insert—
the need for the provision made by the regulations is urgent,”
the need for the provision made by the regulations is urgent,”
Clause 29 1
Amendment text
at end insert—
has financially harmed small or medium-size businesses or unsecured creditors,”
has financially harmed small or medium-size businesses or unsecured creditors,”
Clause 30 2
Amendment text
leave out from “which is” to end of line 12 and insert—
after the period of one year beginning with the date for the time being specified in subsection (1), or
after the period of one year beginning with the date for the time being specified in subsection (1), or
Amendment text
leave out subsections (3) and (4)
Clause 32 3
Amendment text
after “applies,” insert “and regulations made under section 31 by the Department which make provision by amending an Act or Northern Ireland legislation,”
Amendment text
at end insert—
Where regulations cease to have effect as a result of subsection (3) that does not—
Where regulations cease to have effect as a result of subsection (3) that does not—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
after “section 31” insert “which do not make provision by amending an Act or Northern Ireland legislation”
Clause 33 3
Amendment text
after “applies,” insert “or
regulations made under section 31 by the Secretary of State which make provision by amending an Act,”
regulations made under section 31 by the Secretary of State which make provision by amending an Act,”
Amendment text
at end insert—
Where regulations cease to have effect as a result of subsection (3) that does not—
Where regulations cease to have effect as a result of subsection (3) that does not—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
after “section 31” insert “which do not make provision by amending an Act”
Clause 34 1
Amendment text
Insert the following new Clause—
“Review of the Small Business Commissioner in relation to insolvency
“Review of the Small Business Commissioner in relation to insolvency
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 37 2
Amendment text
leave out subsection (7) and insert—
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
Amendment text
after “section” insert—
may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament, if the regulations amend primary legislation, and
may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament, if the regulations amend primary legislation, and
Clause 38 3
Amendment text
Insert the following new Clause—
“Financial Reporting Council
“Financial Reporting Council
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Corporate governance: reforms
“Corporate governance: reforms
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Verification of individuals
“Verification of individuals
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 39 4
Amendment text
Baroness Neville-Rolfe gives notice of her intention to oppose the Question that Clause 39 stand part of the Bill.
Amendment text
at end insert “if the Secretary of State considers it reasonable to do so to mitigate an effect of coronavirus.”
Amendment text
after “section” insert “—
“coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);”
“coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);”
Amendment text
at end insert “if the Secretary of State is satisfied that it is reasonable to do so to mitigate the effects of coronavirus as defined in the Coronavirus Act 2020.”
Clause 40 3
Amendment text
Baroness Neville-Rolfe gives notice of her intention to oppose the Question that Clause 40 stand part of the Bill.
Amendment text
at end insert “if the Department considers it reasonable to do so to mitigate an effect of coronavirus.”
Amendment text
after “section” insert “—
“coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);”
“coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);”
Clause 41 4
Amendment text
Lord Stevenson of Balmacara gives notice of his intention to oppose the Question that Clause 41 stand part of the Bill.
Amendment text
leave out “negative resolution” and insert “made affirmative”
Amendment text
at end insert—
provision under section A49A(1) of the Insolvency Act 1986 (moratorium: power to make provision in connection with pension schemes);”
provision under section A49A(1) of the Insolvency Act 1986 (moratorium: power to make provision in connection with pension schemes);”
Amendment text
leave out paragraph (b) and insert—
“regulations that are subject to the made affirmative procedure” means regulations that—
“regulations that are subject to the made affirmative procedure” means regulations that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 42 2
Amendment text
leave out “negative resolution” and insert “made affirmative”
Amendment text
leave out paragraph (b) and insert—
“regulations that are subject to the made affirmative procedure” means regulations that—
“regulations that are subject to the made affirmative procedure” means regulations that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 43 4
Amendment text
after “procedure” insert “(see section 29 of the Interpretation and Legislative Reform (Scotland) Act 2010 (asp 10))”
Amendment text
leave out from “the” to end of line 15 and insert “made affirmative procedure”
Amendment text
at end insert—
For the purposes of this section “regulations that are subject to the made affirmative procedure” means regulations that—
For the purposes of this section “regulations that are subject to the made affirmative procedure” means regulations that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Modified procedure for regulations of Northern Ireland departments
“Modified procedure for regulations of Northern Ireland departments
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Schedule 1 9
Amendment text
at end insert—
A company is excluded from being eligible unless, before the filing date, it has consulted all the persons who are the appropriate representatives of any of the employees who may be affected by the proposed moratorium or by any reasonably foreseeable consequences of it about those matters.”
A company is excluded from being eligible unless, before the filing date, it has consulted all the persons who are the appropriate representatives of any of the employees who may be affected by the proposed moratorium or by any reasonably foreseeable consequences of it about those matters.”
Amendment text
after “Schedule” insert “, apart from paragraph 2,”
Amendment text
leave out from beginning to end of line 41 on page 99
Amendment text
at end insert—
A company is excluded from being eligible if, on the filing date, it has outstanding unpaid tax, national insurance or pension payments in respect any employees of the company, other than directors.”
A company is excluded from being eligible if, on the filing date, it has outstanding unpaid tax, national insurance or pension payments in respect any employees of the company, other than directors.”
Amendment text
at end insert—
A company is excluded from being eligible if, on the filing date, it has any outstanding unpaid remuneration (including redundancy payments) to any of its workers, other than directors.”
A company is excluded from being eligible if, on the filing date, it has any outstanding unpaid remuneration (including redundancy payments) to any of its workers, other than directors.”
Amendment text
at end insert—
A company is excluded from being eligible unless, on the filing date, any alleged or proven breach of a sex equality clause under section 66 of the Equality Act 2010 or of a sex equality rule under section 67 of that Act is redressed immediately in respect of the past and eliminated for the future, to the monitor's satisfaction.”
A company is excluded from being eligible unless, on the filing date, any alleged or proven breach of a sex equality clause under section 66 of the Equality Act 2010 or of a sex equality rule under section 67 of that Act is redressed immediately in respect of the past and eliminated for the future, to the monitor's satisfaction.”
Amendment text
at end insert—
A company is excluded from being eligible if, on the filing date, it has failed to publish the information required by section 78 of the Equality Act 2010 and the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 by the required date specified.”
A company is excluded from being eligible if, on the filing date, it has failed to publish the information required by section 78 of the Equality Act 2010 and the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 by the required date specified.”
Amendment text
leave out lines 1 to 28
Amendment text
at end insert “if the Secretary of State is satisfied that significant damage would be caused to business were this Schedule not amended”
Schedule 2 5
Amendment text
at end insert “, and
a master agreement for securities financing transactions.”
a master agreement for securities financing transactions.”
Amendment text
leave out from “derivative” to end of line 25 and insert “, and
a master agreement for derivatives.
a master agreement for derivatives.
Amendment text
at end insert “, and
a master agreement for spot contracts.”
a master agreement for spot contracts.”
Amendment text
leave out from “to” to end of line 36 and insert “an agreement which is, or forms part of, an arrangement involving the issue of a capital market investment.
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
Amendment text
leave out lines 32 to 37
Schedule 3 10
Amendment text
leave out from “debts” to end of line 27 and insert “(within the meaning given by section 174A);
priority pre-moratorium debts (within the meaning given by section 174A).”
priority pre-moratorium debts (within the meaning given by section 174A).”
Amendment text
leave out sub-paragraph (3)
Amendment text
leave out from “and” to end of line 15 and insert “priority pre-moratorium debts.
In subsection (2)(b) “priority pre-moratorium debt” means—
In subsection (2)(b) “priority pre-moratorium debt” means—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
The Secretary of State may by regulations made by statutory instrument amend this section for the purposes of changing the definition of “moratorium debt” or “priority pre-moratorium debt” in this section.
The Secretary of State may by regulations made by statutory instrument amend this section for the purposes of changing the definition of “moratorium debt” or “priority pre-moratorium debt” in this section.
Amendment text
leave out lines 23 and 24 and insert—
Any rules made under section A18(4) (meaning of supply of goods or services) apply also for the purposes of subsection (2A)(a)(ii) of this section.
Any rules made under section A18(4) (meaning of supply of goods or services) apply also for the purposes of subsection (2A)(a)(ii) of this section.
Amendment text
leave out from “debts” to end of line 28 and insert “(within the meaning given by section 174A), and
priority pre-moratorium debts (within the meaning given by section 174A).”
priority pre-moratorium debts (within the meaning given by section 174A).”
Amendment text
leave out “pre-moratorium debts mentioned in sub-paragraph (2)” and insert “priority pre-moratorium debts”
Amendment text
leave out lines 41 and 42
Amendment text
after “A18” insert “(3)(a) to (e)”
Amendment text
after “A18” insert “(3)(a) to (e)”
Schedule 4 5
Amendment text
leave out from “30” to end of line 27 and insert “September 2020.”
Amendment text
leave out “June” and insert “September”
Amendment text
leave out “Act” and insert “Schedule”
Amendment text
at end insert “(except that debts mentioned in paragraphs (a) and (b) have equal priority)”
Amendment text
at end insert “(except that debts mentioned in paragraphs (a) and (b) have equal priority)”
Schedule 5 2
Amendment text
after “Schedule” insert “, apart from paragraph 2,”
Amendment text
leave out from beginning to end of line 31 on page 151
Schedule 6 4
Amendment text
at end insert “, and
a master agreement for securities financing transactions.”
a master agreement for securities financing transactions.”
Amendment text
leave out from “derivative” to end of line 20 and insert “, and
a master agreement for derivatives.
a master agreement for derivatives.
Amendment text
at end insert “, and
a master agreement for spot contracts.”
a master agreement for spot contracts.”
Amendment text
leave out from “to” to end of line 31 and insert “an agreement which is, or forms part of, an arrangement involving the issue of a capital market investment.
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
Schedule 7 9
Amendment text
after ““Part 1A,”” insert “Article 148A(3A),”
Amendment text
leave out from “debts” to end of line 3 on page 159 and insert “(within the meaning given by Article 148A);
priority pre-moratorium debts (within the meaning given by Article 148A);”
priority pre-moratorium debts (within the meaning given by Article 148A);”
Amendment text
leave out sub-paragraph (4)
Amendment text
leave out from “and” to end of line 33 and insert “priority pre-moratorium debts.
In paragraph (2)(b) “priority pre-moratorium debt” means—
In paragraph (2)(b) “priority pre-moratorium debt” means—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Regulations may amend this Article for the purposes of changing the definition of “moratorium debt” or “priority pre-moratorium debt” in this Article.
Regulations may amend this Article for the purposes of changing the definition of “moratorium debt” or “priority pre-moratorium debt” in this Article.
Amendment text
leave out lines 41 and 42 and insert—
Any rules made under Article 13D(4) (meaning of supply of goods or services) apply also for the purposes of paragraph (2A)(a)(ii) of this Article.
Any rules made under Article 13D(4) (meaning of supply of goods or services) apply also for the purposes of paragraph (2A)(a)(ii) of this Article.
Amendment text
leave out from “debts” to end of line 10 and insert “(within the meaning given by Article 148A), and
priority pre-moratorium debts (within the meaning given by Article 148A).”
priority pre-moratorium debts (within the meaning given by Article 148A).”
Amendment text
leave out “pre-moratorium debts mentioned in sub-paragraph (2)” and insert “priority pre-moratorium debts”
Amendment text
leave out lines 22 and 23
Schedule 8 3
Amendment text
leave out from “30” to end of line 12 and insert “September 2020.”
Amendment text
leave out “June” and insert “September”
Amendment text
leave out “Act” and insert “Schedule”
Schedule 9 26
Amendment text
leave out from second “a” to end of line 28 and insert “priority pre-moratorium debt.”
Amendment text
leave out from “debt”” to end of line 6 on page 187 and insert “—
in the case of a moratorium under Part A1 of the Insolvency Act 1986, has the same meaning as in section 174A of that Act;
in the case of a moratorium under Part A1 of the Insolvency Act 1986, has the same meaning as in section 174A of that Act;
Amendment text
at end insert—
“901HA Pension schemes
“901HA Pension schemes
Amendment text
leave out from second “a” to end of line 15 and insert “priority pre-moratorium debt.”
Amendment text
leave out from “debt”” to end of line 38 and insert “—
in the case of a moratorium under Part A1 of the Insolvency Act 1986, has the same meaning as in section 174A of that Act;
in the case of a moratorium under Part A1 of the Insolvency Act 1986, has the same meaning as in section 174A of that Act;
Amendment text
leave out “and B” and insert “, B and C”
Amendment text
at end insert—
No proposed compromise or arrangement may be put into effect unless the court has ruled that conditions A, B and C have been met.”
No proposed compromise or arrangement may be put into effect unless the court has ruled that conditions A, B and C have been met.”
Amendment text
at end insert—
the purposes of the compromise or arrangement include the purpose of ensuring that all unpaid tax, national insurance and pension payments in respect of every worker of the company, other than directors, is paid on or before the date the compromise or arrangement comes into effect.”
the purposes of the compromise or arrangement include the purpose of ensuring that all unpaid tax, national insurance and pension payments in respect of every worker of the company, other than directors, is paid on or before the date the compromise or arrangement comes into effect.”
Amendment text
at end insert—
the compromise or arrangement ensures that all unpaid remuneration (including redundancy payments) to every worker of the company, other than directors, is paid on or before the date the compromise or arrangement comes into effect.”
the compromise or arrangement ensures that all unpaid remuneration (including redundancy payments) to every worker of the company, other than directors, is paid on or before the date the compromise or arrangement comes into effect.”
Amendment text
at end insert—
the purposes of the compromise or arrangement include the purpose of ensuring that, at the date the compromise or arrangement comes into effect, any alleged or proven breach of a sex equality clause under section 66 of the Equality Act 2010 or of a sex equality rule under section 67 of that Act is redressed immediately in respect of the past and eliminated for the future, to the monitor's satisfaction.”
the purposes of the compromise or arrangement include the purpose of ensuring that, at the date the compromise or arrangement comes into effect, any alleged or proven breach of a sex equality clause under section 66 of the Equality Act 2010 or of a sex equality rule under section 67 of that Act is redressed immediately in respect of the past and eliminated for the future, to the monitor's satisfaction.”
Amendment text
at end insert—
Condition C is that all obligations of the company to any pension scheme have priority over all other creditors in the proposed compromise or arrangement.”
Condition C is that all obligations of the company to any pension scheme have priority over all other creditors in the proposed compromise or arrangement.”
Amendment text
at end insert—
Condition C is that at least 30 per cent of any proceeds of the sale of any assets in consequence of the compromise or arrangement by way of the elimination, reduction, prevention or mitigation of the effect of any of the financial difficulties that are affecting, or will or may affect, the company's ability to carry on business, are used for the purpose of satisfying unsecured creditors.”
Condition C is that at least 30 per cent of any proceeds of the sale of any assets in consequence of the compromise or arrangement by way of the elimination, reduction, prevention or mitigation of the effect of any of the financial difficulties that are affecting, or will or may affect, the company's ability to carry on business, are used for the purpose of satisfying unsecured creditors.”
Amendment text
at end insert—
Condition C is that—
Condition C is that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Condition C is that—
Condition C is that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Condition C is that the company gives an undertaking to the court that for three years from the date of the court’s approval of the proposed compromise or arrangement it will not—
Condition C is that the company gives an undertaking to the court that for three years from the date of the court’s approval of the proposed compromise or arrangement it will not—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
In this section “worker” has the meaning given by section 296 of the Trade Union and Labour Relations (Consolidation) Act 1992 (meaning of worker and related expressions).”
In this section “worker” has the meaning given by section 296 of the Trade Union and Labour Relations (Consolidation) Act 1992 (meaning of worker and related expressions).”
Amendment text
at end insert—
Involvement of Pension Protection Fund
Involvement of Pension Protection Fund
Amendment text
at end insert—
Trade union involvement
Trade union involvement
Amendment text
leave out “75%” and insert “two-thirds”
Amendment text
leave out “75%” and insert “two-thirds”
Amendment text
leave out “75%” and insert “two-thirds”
Amendment text
leave out “24(1) (insolvency)” and insert “24 (insolvency)—
in sub-paragraph (1)”
in sub-paragraph (1)”
Amendment text
leave out “section 355A” and insert “sections 355A and 355B”
Amendment text
at end insert—
in sub-paragraph (2), after “recognised investment exchange” insert “(other than the reference to “an authorised person” in section 355B(2)(a))”.”
in sub-paragraph (2), after “recognised investment exchange” insert “(other than the reference to “an authorised person” in section 355B(2)(a))”.”
Amendment text
at end insert—
“355B Enforcement of requirements imposed by section 355A
“355B Enforcement of requirements imposed by section 355A
Amendment text
at end insert—
Sections 197, 198 and 202A of the Banking Act 2009, and sections 201 and 202 of that Act, so far as relating to those sections, apply in relation to a failure by an infrastructure company to comply with subsection (2) or (3) above as they apply in relation to a compliance failure within the meaning of Part 5 of that Act.”
Sections 197, 198 and 202A of the Banking Act 2009, and sections 201 and 202 of that Act, so far as relating to those sections, apply in relation to a failure by an infrastructure company to comply with subsection (2) or (3) above as they apply in relation to a compliance failure within the meaning of Part 5 of that Act.”
Schedule 10 6
Amendment text
leave out from “30” to end of line 31 and insert “September 2020.”
Amendment text
leave out paragraph 7
Amendment text
leave out from “30” to end of line 7 and insert “September 2020.”
Amendment text
leave out “June” and insert “September”
Amendment text
leave out “27 April” and insert “23 March”
Amendment text
leave out “June” and insert “September”
Schedule 11 5
Amendment text
leave out from “30” to end of line 17 and insert “September 2020.”
Amendment text
leave out paragraph 7
Amendment text
leave out from “30” to end of line 42 and insert “September 2020.”
Amendment text
leave out “June” and insert “September”
Amendment text
leave out “June” and insert “September”
Schedule 12 5
Amendment text
at end insert “and
a master agreement for securities financing transactions”
a master agreement for securities financing transactions”
Amendment text
leave out from “derivative” to end of line 35 and insert “and
a master agreement for derivatives.
a master agreement for derivatives.
Amendment text
at end insert “and
a master agreement for spot contracts.”
a master agreement for spot contracts.”
Amendment text
leave out from “to” to end of line 3 and insert “an agreement which is, or forms part of, an arrangement involving the issue of a capital market investment.
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
Amendment text
at end insert—
“Aircraft equipment
“Aircraft equipment
Schedule 13 5
Amendment text
at end insert “and
a master agreement for securities financing transactions.”
a master agreement for securities financing transactions.”
Amendment text
leave out from “derivative” to end of line 45 and insert “and
a master agreement for derivatives.
a master agreement for derivatives.
Amendment text
at end insert “and
a master agreement for spot contracts.”
a master agreement for spot contracts.”
Amendment text
leave out from “to” to end of line 11 and insert “an agreement which is, or forms part of, an arrangement involving the issue of a capital market investment.
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
“Capital market investment” has the meaning given by paragraph 14 of Schedule ZA1.”
Amendment text
at end insert—
“Aircraft equipment
“Aircraft equipment
Schedule 14 6
Amendment text
leave out “or the Treasury under” and insert “under paragraph 2(2)(a) of”
Amendment text
leave out sub-paragraphs (3) to (5) and insert—
A statutory instrument containing regulations made by the Secretary of State under paragraph 2(2)(b) of this Schedule or containing regulations made by the Secretary of State or the Treasury under paragraph 4 or 6 of this Schedule must be laid before Parliament as soon as reasonably practicable after being made.
A statutory instrument containing regulations made by the Secretary of State under paragraph 2(2)(b) of this Schedule or containing regulations made by the Secretary of State or the Treasury under paragraph 4 or 6 of this Schedule must be laid before Parliament as soon as reasonably practicable after being made.
Amendment text
at end insert—
a charitable organisation established by any enactment, and
a charitable organisation established by any enactment, and
Amendment text
leave out sub-paragraph (b)
Amendment text
leave out sub-paragraph (2) and insert—
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
A statutory instrument containing regulations under this section may not be made unless a draft has been laid before and approved by a resolution of each House of Parliament”
Amendment text
leave out from “Schedule” to end of line 38 and insert “may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament, if the regulations amend primary legislation.”