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EnactedBank Resolution (Recapitalisation) Act 2025

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OverviewTimeline57Debates9Amendments53

Proposed amendments

53 amendments across 8 provisions

New clauses & schedules 3

New Clause 1#10021119No decisionNew clause / schedule
Amendment text
To move the following Clause—
“MREL limits in line with inflation

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.

Stage
Report stage
Type
AddClauseOrSchedule
Draft ref
hoc6
Marshalled no.
NC1
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee
New Clause 2#10021120No decisionNew clause / schedule
Amendment text
To move the following Clause—
“Linking FSCS to inflation

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.

Stage
Report stage
Type
AddClauseOrSchedule
Draft ref
hoc7
Marshalled no.
NC2
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee
New Clause 3#10021121No decisionNew clause / schedule
Amendment text
To move the following Clause—
“Credit Unions accessing Bank of England liquidity facilities

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.

Stage
Report stage
Type
AddClauseOrSchedule
Draft ref
hoc9
Marshalled no.
NC3
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee

Clause 1 31

Amendment #10015252#10015252Withdrawn before debateAmends text
Amendment text
[Withdrawn]
Clause 1, page 2, line 3, at end insert—

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.

Stage
Report stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol34
Decision
The amendment was withdrawn before debate and no decision was taken on it.
Tabled againstAs amended on Report· Clause 1
Amendment 1#10015108WithdrawnAmends text
Amendment text
Clause 1, page 1, line 8, after “institution” insert “that is not required to hold Minimum Requirement for Own Funds and Eligible Liabilities (MREL) or is below a level of total assets of value of £15 billion index linked from 1 January 2016”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
8
Draft ref
hol14
Marshalled no.
1
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 1#10015478AgreedAmends text
Amendment text
Clause 1, page 1, line 18, leave out “another” and insert “a relevant”
Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
18
Draft ref
opc5
Marshalled no.
1
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 1#10021123No decisionAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements.”
Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hoc5
Marshalled no.
1
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee· Clause 1
Amendment 2#10015106WithdrawnRemoves provision
Amendment text
Clause 1, page 1, line 18, leave out lines 18 to 20
Stage
Committee stage
Type
DeleteClauseOrSchedule
Clause
1
Page
1
Line
18
Draft ref
hol18
Marshalled no.
2
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 2#10015640AgreedAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements.”
Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol41
Marshalled no.
2
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 3#10015098WithdrawnAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank may not exercise the power in subsection (1) more than once in respect of the same financial institution without the consent of the Treasury.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol8
Marshalled no.
3
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 3#10015290WithdrawnAmends text
Amendment text
Clause 1, page 1, line 22, at end insert—
“(3A) Before exercising the power in subsection (1), the Bank and the scheme manager must assess whether they consider that there should be a clawback of any part of executive remuneration from the previous 12 months.”
Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
22
Draft ref
hol36
Marshalled no.
3
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs amended on Report· Clause 1
Amendment 3#10018975Not movedAmends text
Amendment text
Clause 1, page 1, line 24, at end insert—
“(3A) No application to the scheme manager for recapitalisation payments may be considered by the Bank of England for a financial institution which has been directed to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements, unless permission has been given, through regulations, by the Chancellor of the Exchequer.
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
24
Draft ref
hoc1
Marshalled no.
3
Decision
The amendment was not moved. The House was not invited to take a decision on it.
Tabled againstAs amended in Public Bill Committee· Clause 1
Amendment 3#10021361No decisionAmends text
Amendment text
Clause 1, page 1, line 22, at end insert—
“(3A) No application to the scheme manager for recapitalisation payments may be considered by the Bank of England for a financial institution which has been directed to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements, unless permission has been given, through regulations, by the Chancellor of the Exchequer.
Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
22
Draft ref
hoc10
Marshalled no.
3
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee· Clause 1
Amendment 4#10015101WithdrawnAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank may not exercise the power in subsection (1) in respect of a financial institution which meets the condition in subsection (2B) without the consent of the Treasury.
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol7
Marshalled no.
4
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 4#10015476AgreedAmends text
Amendment text
Clause 1, page 1, line 25, at end insert—
“(4A) In subsection (2)(b), “relevant person” 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.

Stage
Report stage
Type
EditBillBody
Clause
1
Page
1
Line
25
Draft ref
opc6
Marshalled no.
4
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 4#10018976WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(5A) As a further objective to the special resolution objectives in section 4 of the Banking Act 2009, when discharging its functions in respect of the exercise of recapitalisation payments under this section, the Bank of England must observe the competitiveness and growth objective.
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hoc2
Marshalled no.
4
Decision
This amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs amended in Public Bill Committee· Clause 1
Amendment 4#10021360No decisionAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(5A) As a further objective to the special resolution objectives in section 4 of the Banking Act 2009, when discharging its functions in respect of the exercise of recapitalisation payments under this section, the Bank of England must observe the competitiveness and growth objective.
Stage
Report stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hoc11
Marshalled no.
4
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee· Clause 1
Amendment 5#10015100Not movedAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank may not exercise the power in subsection (1) in respect of a financial institution which meets the condition in subsection (2B) without the consent of the Treasury.
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol6
Marshalled no.
5
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 1
Amendment 5#10015211WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(6) When the Bank exercises its power in subsection (1), the Bank must make a report to the Chancellor of the Exchequer within 28 days of the date of any recapitalisation payment being made.
Stage
Report stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol33
Marshalled no.
5
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs amended on Report· Clause 1
Amendment 6#10015104WithdrawnAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank may not exercise the power in subsection (1) without the consent of the Treasury.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol12
Marshalled no.
6
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 6#10015445WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(6) When discharging its functions in respect of the exercise of recapitalisation payments under this section, the Bank of England must observe the competitiveness and growth objective.
Stage
Report stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol37
Marshalled no.
6
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs amended on Report· Clause 1
Amendment 7#10015103WithdrawnAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank of England may only exercise the power in subsection (1) if it assesses that the use of the power would support the public interest, which may include but need not be limited by—

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.

Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol17
Marshalled no.
7
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 7#10015444DisagreedAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(6) As a secondary objective to the special resolution objectives in section 4 of the Banking Act 2009, when discharging its functions in respect of the exercise of recapitalisation payments under this section, the Bank of England must observe the competitiveness and growth objective.
Stage
Report stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol38
Marshalled no.
7
Decision
This amendment was disagreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'disagreed' indicates that the Clause/Schedule remained part of the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 8#10015114Not movedAmends text
Amendment text
Clause 1, page 1, line 20, at end insert—
“(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain a Minimum Requirement for Own Funds and Eligible Liabilities (MREL) or issue eligible liabilities.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
20
Draft ref
hol23
Marshalled no.
8
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 1
Amendment 8#10015480AgreedNew clause / schedule
Amendment text
After Clause 1, insert the following new Clause—
“Reporting

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.

Stage
Report stage
Type
AddClauseOrSchedule
Position
After
Clause
1
Draft ref
opc2
Marshalled no.
8
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 9#10015111WithdrawnAmends text
Amendment text
Clause 1, page 1, line 22, at end insert—
“(3A) Before exercising the power in subsection (1), the Bank and the scheme manager must assess whether they consider that there should be a clawback of executive pay and bonuses from the previous 12 months.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
1
Line
22
Draft ref
hol26
Marshalled no.
9
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 10#10015064Not movedAmends text
Amendment text
Clause 1, page 2, line 3, after “2009)”, insert “excluding institutions with minimum requirements for own funds and eligible liabilities on the basis of a bail-in resolution strategy as may be identified by the Bank of England from time to time.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol1
Marshalled no.
10
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 1
Amendment 10#10015477AgreedNew clause / schedule
Amendment text
After Clause 1, insert the following new Clause—
“Notification to Parliamentary Committees

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.

Stage
Report stage
Type
AddClauseOrSchedule
Position
After
Clause
1
Draft ref
opc4
Marshalled no.
10
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 1
Amendment 11#10015115Not movedAmends text
Amendment text
Clause 1, page 2, line 3, after “2009)”, insert “that is not required to hold the Minimum Requirement for own funds and Eligible Liabilities (MREL) above minimum capital requirements.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol21
Marshalled no.
11
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 1
Amendment 12#10015063WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(6) When the Bank of England exercises its power in subsection (1), the Bank must make a report to the Chancellor of the Exchequer within 28 days of the date of any recapitalisation payment being made.
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol2
Marshalled no.
12
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 13#10015099WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“(6) Use of the Financial Services Compensation Scheme for bank recapitalisation and associated costs must not reduce bank depositors’ entitlement to the full amount of Deposit Guarantee Insurance.”
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol16
Marshalled no.
13
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1
Amendment 14#10015105Not movedAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“214F Recapitalisation payments: reporting
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol11
Marshalled no.
14
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 1
Amendment 15#10015117WithdrawnAmends text
Amendment text
Clause 1, page 2, line 3, at end insert—
“214F Engagement with Parliamentary Committees
Stage
Committee stage
Type
EditBillBody
Clause
1
Page
2
Line
3
Draft ref
hol22
Marshalled no.
15
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 1

Clause 2 4

Amendment 14#10015479AgreedNew clause / schedule
Amendment text
After Clause 2, insert the following new Clause—
“Code of practice

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.

Stage
Report stage
Type
AddClauseOrSchedule
Position
After
Clause
2
Draft ref
opc3
Marshalled no.
14
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report· Clause 2
Amendment 15#10015212WithdrawnNew clause / schedule
Amendment text
After Clause 2, insert the following new Clause—
“Treatment of recapitalisation payments on a winding up

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.

Stage
Report stage
Type
AddClauseOrSchedule
Position
After
Clause
2
Draft ref
hol32
Marshalled no.
15
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs amended on Report· Clause 2
Amendment 16#10015061Not movedAmends text
Amendment text
Clause 2, page 2, line 20, after “up” insert “or from the management or shareholders of the institution being sold or wound up”
Stage
Committee stage
Type
EditBillBody
Clause
2
Page
2
Line
20
Draft ref
hol3
Marshalled no.
16
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 2
Amendment 17#10015062WithdrawnAmends text
Amendment text
Clause 2, page 2, line 20, at end insert—
“(aa) on a winding up of the institution, any recapitalisation payment is to be treated as a debt of the institution and paid out of the institution’s assets in preference to all other claims except any prescribed fees or expenses of the official receiver;”
Stage
Committee stage
Type
EditBillBody
Clause
2
Page
2
Line
20
Draft ref
hol4
Marshalled no.
17
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 2

Clause 3 2

Amendment 18#10015113Not movedAmends text
Amendment text
Clause 3, page 2, line 36, at end insert “nor on financial institutions that the Bank of England has directed to maintain a Minimum Requirement for Own Funds and Eligible Liabilities (MREL) or issue eligible liabilities.”
Stage
Committee stage
Type
EditBillBody
Clause
3
Page
2
Line
36
Draft ref
hol24
Marshalled no.
18
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 3
Amendment 19#10015112Not movedAmends text
Amendment text
Clause 3, page 2, line 41, at end insert—
“(5C) The compensation scheme may not allow the scheme manager to impose levies on liable financial institutions in relation to recapitalisation payments under 214E in financial years following that in which the recapitalisation payments occurred without the consent of the Treasury.”
Stage
Committee stage
Type
EditBillBody
Clause
3
Page
2
Line
41
Draft ref
hol25
Marshalled no.
19
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 3

Clause 4 7

Amendment 16#10015253Not movedAmends text
Amendment text
Clause 4, page 3, line 15, at end insert—
“(2A) In section 4 (special resolution objectives), after subsection (9) insert—

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.

Stage
Report stage
Type
EditBillBody
Clause
4
Page
3
Line
15
Draft ref
hol35
Marshalled no.
16
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs amended on Report· Clause 4
Amendment 20#10015102WithdrawnAmends text
Amendment text
Clause 4, page 3, line 15, at end insert—
“(2A) In section 4 (special resolution objectives), at the end of subsection (9) insert—

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.

Stage
Committee stage
Type
EditBillBody
Clause
4
Page
3
Line
15
Draft ref
hol9
Marshalled no.
20
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 4
Amendment 21#10015107WithdrawnAmends text
Amendment text
Clause 4, page 3, line 15, at end insert—
“(2A) In section 5 (code of practice), at the end of subsection (1) insert “and—

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.

Stage
Committee stage
Type
EditBillBody
Clause
4
Page
3
Line
15
Draft ref
hol10
Marshalled no.
21
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 4
Amendment 22#10015110Not movedRemoves provision
Amendment text
Clause 4, page 3, line 16, leave out subsection (3)
Stage
Committee stage
Type
DeleteClauseOrSchedule
Clause
4
Page
3
Line
16
Draft ref
hol19
Marshalled no.
22
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 4
Amendment 23#10015116WithdrawnAmends text
Amendment text
Clause 4, page 3, line 20, after “question” insert “and, for such a bank, the shortfall may only be reduced insofar as necessary to cover recapitalisation.”
Stage
Committee stage
Type
EditBillBody
Clause
4
Page
3
Line
20
Draft ref
hol30
Marshalled no.
23
Decision
The amendment was withdrawn after debate and no decision was taken on it.
Tabled againstAs introduced· Clause 4
Amendment 24#10015065Not movedAmends text
Amendment text
Clause 4, page 3, line 39, at end insert—
“(8) In section 79A (private sector purchaser: report), at the end insert—

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.

Stage
Committee stage
Type
EditBillBody
Clause
4
Page
3
Line
39
Draft ref
hol5
Marshalled no.
24
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 4
Amendment 25#10015109Not movedNew clause / schedule
Amendment text
After Clause 4, insert the following new Clause—
“Impact assessment: appropriateness of the minimum total asset value level for imposition of MREL on smaller banks

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.

Stage
Committee stage
Type
AddClauseOrSchedule
Position
After
Clause
4
Draft ref
hol15
Marshalled no.
25
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs introduced· Clause 4

Clause 5 1

Amendment 2#10021122No decisionAmends text
Amendment text
Clause 5, page 4, line 14, at end insert—
“(2B) The code must include guidance to the Bank of England on the exercise of its functions in relation to building societies to ensure that, in circumstances where the use of a recapitalisation power may result in demutualisation, due consideration is given to the impact of such demutualisation on members and on the mutuals sector.
Stage
Report stage
Type
EditBillBody
Clause
5
Page
4
Line
14
Draft ref
hoc8
Marshalled no.
2
Decision
The House has not considered this amendment.
Tabled againstAs amended in Public Bill Committee· Clause 5

Clause 8 1

Other amendments 4

Amendment 9#10015610Not movedAmends text
Amendment text
After inserted subsection (5) insert—
“(5A) Unless already covered by the final report under subsection (3), the Bank must make a further report to the Chancellor of the Exchequer within three months of the date of the sale to a private sector purchaser of the financial institution to which the recapitalisation payment relates, or the sale, closure or winding up of the financial institution or bridge bank to which the recapitalisation payment relates, complying with such requirements as to content as the Treasury may specify.”
Stage
Report stage
Type
EditBillBody
Position
After
Draft ref
hol39
Marshalled no.
9
Decision
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Tabled againstAs amended on Report
Amendment 11#10015661AgreedAmends text
Amendment text
In inserted subsection (2) leave out paragraph (b) and insert—
“(b) the Financial Services Regulation Committee of the House of Lords”
Stage
Report stage
Type
EditBillBody
Draft ref
hol43
Marshalled no.
11
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report
Amendment 12#10015659AgreedAmends text
Amendment text
In inserted subsection (3), leave out “The reference to the Treasury Committee of the House of Commons” and insert “A reference to a committee in subsection (2)”
Stage
Report stage
Type
EditBillBody
Draft ref
hol44
Marshalled no.
12
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report
Amendment 13#10015660AgreedAmends text
Amendment text
In inserted subsection (4), at end insert “, in relation to committees of the House of Commons, and
(b) the Chairman of Committees of the House of Lords, in relation to committees of the House of Lords.”
Stage
Report stage
Type
EditBillBody
Draft ref
hol45
Marshalled no.
13
Decision
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Tabled againstAs amended on Report