To ask the Secretary of State for Trade and Industry what conclusions his Department has reached on its investigation into the proposed implementation of extra-territorial legislation in the territory of the UK by the Hilton Hotel Group and other US companies.

To ask the Secretary of State for Trade and Industry what conclusions his Department has reached on its investigation into the proposed implementation of extra-territorial legislation in the territory of the UK by the Hilton Hotel Group and other US companies.

On 1 November 2006, my right hon. Friend, Baroness Scotland, informed another place that the Attorney- General had opened discussions with the Attorney-General of the United States of America on jurisdictional issues in criminal cases. I am pleased to inform the House that the Attorney-General, the Attorney-General of the US...

On 1 November 2006, my right hon. Friend, Baroness Scotland, informed another place that the Attorney- General had opened discussions with the Attorney-General of the United States of America on jurisdictional issues in criminal cases. I am pleased to inform the House that the Attorney-General, the Attorney-General of the US...

On1 November 2006, my noble friend Lady Scotland informed the House that I had opened discussions with the Attorney General of the United States of America on jurisdictional issues in criminal cases. I am pleased to inform the House that the Attorney General of the US, the Lord Advocate of...

On1 November 2006, my noble friend Lady Scotland informed the House that I had opened discussions with the Attorney General of the United States of America on jurisdictional issues in criminal cases. I am pleased to inform the House that the Attorney General of the US, the Lord Advocate of...

Public petition from supporters of Jamil el-Banna for his return from Guantanamo Bay to the United Kingdom. (Circulated with the Vote for 11 January 2007)

Public petition from supporters of Jamil el-Banna for his return from Guantanamo Bay to the United Kingdom. (Circulated with the Vote for 11 January 2007)

This week marks an ignoble anniversary—the fifth anniversary of the opening of Guantanamo Bay. My constituent, Jamil el-Banna, has been held in Guantanamo Bay for four years without trial and without charge. He was picked up in Gambia, where he was on a business trip, and illegally rendered first to...

This week marks an ignoble anniversary—the fifth anniversary of the opening of Guantanamo Bay. My constituent, Jamil el-Banna, has been held in Guantanamo Bay for four years without trial and without charge. He was picked up in Gambia, where he was on a business trip, and illegally rendered first to...

Perhaps I did not make clear what I sought to tease out from the hon. Gentleman. A body might wish to increase consumer protection or shareholder protection by tightening its rules, but that does not come within the framework of the Bill, so that tightening could well be seen as...

Perhaps I did not make clear what I sought to tease out from the hon. Gentleman. A body might wish to increase consumer protection or shareholder protection by tightening its rules, but that does not come within the framework of the Bill, so that tightening could well be seen as...

Surely the important factor is that scandals such as those involving Enron and WorldCom have not taken place in the UK, presumably because of the proportionate regulatory environment. When Parliament passes the legislation, it must provide reassurance that sufficient protection is available to prevent similar scandals.

Surely the important factor is that scandals such as those involving Enron and WorldCom have not taken place in the UK, presumably because of the proportionate regulatory environment. When Parliament passes the legislation, it must provide reassurance that sufficient protection is available to prevent similar scandals.

Proposed new subsection 300D(2)(c), at lines 19 and 20 on page 3 of the Bill, makes it clear that the FSA will specify a period in which representations can be made. No amendment is proposed to the provision, but the Bill does not specify a long-stop period in which the...

Proposed new subsection 300D(2)(c), at lines 19 and 20 on page 3 of the Bill, makes it clear that the FSA will specify a period in which representations can be made. No amendment is proposed to the provision, but the Bill does not specify a long-stop period in which the...

I echo the thanks expressed by the Economic Secretary in his opening remarks. The Bill is important to the future of the City. As the Economic Secretary pointed out, it is not about tackling foreign ownership. Since the big bang the City has thrived as a result of openness and...

I echo the thanks expressed by the Economic Secretary in his opening remarks. The Bill is important to the future of the City. As the Economic Secretary pointed out, it is not about tackling foreign ownership. Since the big bang the City has thrived as a result of openness and...

I welcome the positive conclusion that we have reached. In my contributions, I had initially intended—as the Financial Secretary rather kindly put it—to add a bit of grit to the debate while also educating myself in some of the issues, but what others have said has taught me things about...

I welcome the positive conclusion that we have reached. In my contributions, I had initially intended—as the Financial Secretary rather kindly put it—to add a bit of grit to the debate while also educating myself in some of the issues, but what others have said has taught me things about...

This matter has been adverted to earlier, and I wonder whether my hon. Friend the Economic Secretary can provide further clarification on clause 5(2), which relates to the coming into force of the Act. Rules are to be made under the Act, and I am not quite sure of the...

This matter has been adverted to earlier, and I wonder whether my hon. Friend the Economic Secretary can provide further clarification on clause 5(2), which relates to the coming into force of the Act. Rules are to be made under the Act, and I am not quite sure of the...

I beg to move, That the Bill be now read the Third time. Let me start by thanking you, Madam Deputy Speaker, and hon. Members on both sides of the House for the detailed and substantive debate that we have had on all stages of the Bill this afternoon. We...

I beg to move, That the Bill be now read the Third time. Let me start by thanking you, Madam Deputy Speaker, and hon. Members on both sides of the House for the detailed and substantive debate that we have had on all stages of the Bill this afternoon. We...

I am grateful to my hon. Friend for the opportunity to make the provision clear. The clause provides for the legislation to come into force on the day after Royal Assent. As I said on Second Reading, that means that the new obligations will apply to regulatory provision proposed but...

I am grateful to my hon. Friend for the opportunity to make the provision clear. The clause provides for the legislation to come into force on the day after Royal Assent. As I said on Second Reading, that means that the new obligations will apply to regulatory provision proposed but...

I think that the answer to the hon. Gentleman’s question is no. I hope that that gives him sufficient reassurance. As he knows, there are nine UK recognised bodies and 12 overseas recognised bodies. The latter tend to be involved in business that deals with nothing more than placing a...

I think that the answer to the hon. Gentleman’s question is no. I hope that that gives him sufficient reassurance. As he knows, there are nine UK recognised bodies and 12 overseas recognised bodies. The latter tend to be involved in business that deals with nothing more than placing a...

I am always grateful for a longer answer from the Economic Secretary. Now, when people raise this question with me, I shall be able to give them a more informative answer, rather than simply saying no. With that, I beg to ask leave to withdraw the amendment. Amendment, by leave,...

I am always grateful for a longer answer from the Economic Secretary. Now, when people raise this question with me, I shall be able to give them a more informative answer, rather than simply saying no. With that, I beg to ask leave to withdraw the amendment. Amendment, by leave,...

I am slightly confused by the hon. Gentleman’s remarks. On Second Reading, he seemed to be against extra-territoriality, but his amendment suggests that he is in favour of it. Could he explain that contradiction, or have I misunderstood him?

I am slightly confused by the hon. Gentleman’s remarks. On Second Reading, he seemed to be against extra-territoriality, but his amendment suggests that he is in favour of it. Could he explain that contradiction, or have I misunderstood him?

The hon. Gentleman is, as ever, sharp in pointing out potential contradictions. I am trying to highlight a concern that has been raised with me, to understand the thinking behind the carve-out, and to ensure that protection remains in place.

The hon. Gentleman is, as ever, sharp in pointing out potential contradictions. I am trying to highlight a concern that has been raised with me, to understand the thinking behind the carve-out, and to ensure that protection remains in place.

My hon. Friend talks about fettering the FSA’s discretion, and I understand that point. However, its discretion is fettered in the initial period, because the Bill specifies a period of 30 days on two, if not three, occasions.

My hon. Friend talks about fettering the FSA’s discretion, and I understand that point. However, its discretion is fettered in the initial period, because the Bill specifies a period of 30 days on two, if not three, occasions.

My hon. Friend is absolutely right. This will all become much clearer when the FSA consults on the rules that will apply in this area, the provision for which is made in the Bill. We want to make it clear to the exchanges that, in the majority of cases relating...

My hon. Friend is absolutely right. This will all become much clearer when the FSA consults on the rules that will apply in this area, the provision for which is made in the Bill. We want to make it clear to the exchanges that, in the majority of cases relating...

I want to make a few brief remarks, first on the deemed refusal periods in proposed new sections 300C and 300D, in lines 8 and 28 on page 3 of the Bill. The hon. Member for Dundee, East (Stewart Hosie) referred earlier to planning law, and I am sure that...

I want to make a few brief remarks, first on the deemed refusal periods in proposed new sections 300C and 300D, in lines 8 and 28 on page 3 of the Bill. The hon. Member for Dundee, East (Stewart Hosie) referred earlier to planning law, and I am sure that...