To ask Her Majesty's Government, further to their response to the consultation on Insolvency and Corporate Governance, published on 26 August 2018, what plans they have to bring forward further measures in addition to the Rating (Coronavirus) Bill and Directors Disqualification (Dissolved Companies) Bill regarding (1) group companies, (2) shareholder...

To ask Her Majesty's Government, further to their response to the consultation on Insolvency and Corporate Governance, published on 26 August 2018, what plans they have to bring forward further measures in addition to the Rating (Coronavirus) Bill and Directors Disqualification (Dissolved Companies) Bill regarding (1) group companies, (2) shareholder...

My Right Honourable friend the Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng has today made the following statement:

Today the Government is publishing its ambitious plans to strengthen the UK’s audit, company reporting and corporate governance framework, “Restoring trust in audit and corporate governance”, which I will...

My Right Honourable friend the Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng has today made the following statement:

Today the Government is publishing its ambitious plans to strengthen the UK’s audit, company reporting and corporate governance framework, “Restoring trust in audit and corporate governance”, which I will...

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

Lords motion to consider. Agreed to on question.

My Lords, these regulations were laid before the House on 11 February. We have shared a long and difficult journey since restrictions were first needed in March 2020. As individuals, we have had to endure the very necessary but nonetheless difficult requirement to socially distance, with limits on where we...

My Lords, these regulations were laid before the House on 11 February. We have shared a long and difficult journey since restrictions were first needed in March 2020. As individuals, we have had to endure the very necessary but nonetheless difficult requirement to socially distance, with limits on where we...

I thank all noble Lords for their interesting and valuable contributions to this debate. The Government’s road map for the staged lifting of restrictions is cause for great optimism, and we can look forward to many businesses, including shops, pubs, and restaurants, being able to reopen successfully in April. But...

I thank all noble Lords for their interesting and valuable contributions to this debate. The Government’s road map for the staged lifting of restrictions is cause for great optimism, and we can look forward to many businesses, including shops, pubs, and restaurants, being able to reopen successfully in April. But...

My Lords, I beg to move that the Financial Reporting Council (Miscellaneous Provisions) Order 2021, which was laid before the House on 8 February 2021, be approved.

The Financial Reporting Council, or the FRC, as I shall refer to it, is an independent regulator. It is responsible for regulating auditors, accountants...

My Lords, I beg to move that the Financial Reporting Council (Miscellaneous Provisions) Order 2021, which was laid before the House on 8 February 2021, be approved.

The Financial Reporting Council, or the FRC, as I shall refer to it, is an independent regulator. It is responsible for regulating auditors, accountants...

I thank noble Lords who have contributed to this debate. The points that we have been discussing highlight the need for the measures contained in this order and emphasise the beneficial impacts they will have on the Financial Reporting Council and those that it regulates.

Reliable audit and corporate reporting are...

I thank noble Lords who have contributed to this debate. The points that we have been discussing highlight the need for the measures contained in this order and emphasise the beneficial impacts they will have on the Financial Reporting Council and those that it regulates.

Reliable audit and corporate reporting are...

To resume, the FRC did not start out as a public body. Since its creation in the 1980s, it has slowly accumulated public functions to the point that it has more recently been classified as a public body. Certain statutory functions of the FRC are already subject to the FoI...

To resume, the FRC did not start out as a public body. Since its creation in the 1980s, it has slowly accumulated public functions to the point that it has more recently been classified as a public body. Certain statutory functions of the FRC are already subject to the FoI...

My Lords, I think we all shared a sense of optimism last week when Margaret Keenan became the first person in the world to receive the Pfizer/BioNTech vaccine, administered at Coventry’s University Hospital. It gave us hope that, sooner or later, daily life for the majority may begin to return...

My Lords, I think we all shared a sense of optimism last week when Margaret Keenan became the first person in the world to receive the Pfizer/BioNTech vaccine, administered at Coventry’s University Hospital. It gave us hope that, sooner or later, daily life for the majority may begin to return...

I thank the noble Lord, Lord Stevenson, and the noble Baronesses, Lady Bowles and Lady Altmann, for their valuable contributions. They are all veterans of the previous Act’s debates, and the points they raised very much reflect some of the concerns raised during those debates. They have also highlighted the...

I thank the noble Lord, Lord Stevenson, and the noble Baronesses, Lady Bowles and Lady Altmann, for their valuable contributions. They are all veterans of the previous Act’s debates, and the points they raised very much reflect some of the concerns raised during those debates. They have also highlighted the...

Lords motion to approve. Agreed to on question.

Lords motion to approve. Agreed to on question.

My Lords, this statutory instrument was laid before the House on 24 September 2020.

Since the emergence of Covid-19, businesses have received billions of pounds in loans, tax deferrals, business rate reliefs and grants to support them and help save jobs. The Government’s recently launched winter economy plan has a further...

My Lords, this statutory instrument was laid before the House on 24 September 2020.

Since the emergence of Covid-19, businesses have received billions of pounds in loans, tax deferrals, business rate reliefs and grants to support them and help save jobs. The Government’s recently launched winter economy plan has a further...

I thank all noble Lords who contributed to this short debate. I know that many also contributed to the legislation when we originally introduced it. There is a great deal of expertise in the House on this subject, and I am grateful to those who have thought to opine further...

I thank all noble Lords who contributed to this short debate. I know that many also contributed to the legislation when we originally introduced it. There is a great deal of expertise in the House on this subject, and I am grateful to those who have thought to opine further...

Lords motion to consider. Agreed to on question. Sitting suspended.

Lords motion to consider. Agreed to on question. Sitting suspended.

Lords report stage. Amendments 3-5, 8, 11-12, 18-39, 41, 43-44, 47, 49, 51-74, 76-102, 104-105, 107-109 agreed to. Amendment 14 disagreed to on division (160 to 241). Amendment 15 disagreed to on division (136 to 220). Amendment 45 disagreed to on division (155 to 326). Standing Order 46 having been dispensed with, third reading. Bill passed and returned to the Commons with amendments.

Lords report stage. Amendments 3-5, 8, 11-12, 18-39, 41, 43-44, 47, 49, 51-74, 76-102, 104-105, 107-109 agreed to. Amendment 14 disagreed to on division (160 to 241). Amendment 15 disagreed to on division (136 to 220). Amendment 45 disagreed to on division (155 to 326). Standing Order 46 having been...

My Lords, first, I thank the House of Lords Public Bill Office and the House clerks for their support and their extremely hard work in ensuring that this emergency Bill could be expedited through the House to support businesses as a matter of urgency in these unprecedented times.Secondly, I place...

My Lords, first, I thank the House of Lords Public Bill Office and the House clerks for their support and their extremely hard work in ensuring that this emergency Bill could be expedited through the House to support businesses as a matter of urgency in these unprecedented times.Secondly, I place...

My Lords, the amendments in my name make provisions relating to pension schemes in the moratorium and the restructuring plan. Although the moratorium is not an opportunity for employers to walk away from their liabilities, it may become the point at which preparations for and discussions about a restructuring proposal...

My Lords, the amendments in my name make provisions relating to pension schemes in the moratorium and the restructuring plan. Although the moratorium is not an opportunity for employers to walk away from their liabilities, it may become the point at which preparations for and discussions about a restructuring proposal...

Moved by

Lord Callanan

4: Clause 1, page 4, line 23, at end insert—

“(c) 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

(d) in a case where the company is an...

Moved by

Lord Callanan

4: Clause 1, page 4, line 23, at end insert—

“(c) 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

(d) in a case where the company is an...

My Lords, I take this opportunity to thank everyone who has spoken in this important debate, and I am grateful for Amendment 15 because it is a very important provision. I am also grateful to noble Lords for their continuing efforts to ensure that pensions are treated appropriately through this...

My Lords, I take this opportunity to thank everyone who has spoken in this important debate, and I am grateful for Amendment 15 because it is a very important provision. I am also grateful to noble Lords for their continuing efforts to ensure that pensions are treated appropriately through this...