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Lords division · 26 Nov 2013 · No. 1

Financial Services (Banking Reform)Bill

Lord Eatwell moved amendment 3, in clause 4, page 17, line 15, at end to insert: “Full separation 142VA General requirement of separation (1) Where the members of any group include one or more ring-fenced bodies and one or more other bodies, the members of the group must, before the end of the period of five years beginning with the relevant commencement date, take steps to secure that there are no members of the group that are ring-fenced bodies. (2) If in the case of any group steps to secure that there are no members of the group that are ring-fenced bodies are not taken within the period specified in subsection (1): (a) at the end of that period the Part 4A permission of each member of the group that is a ring-fenced body shall be treated as having been cancelled to the extent that it relates to a core activity, and (b) after the end of that period the appropriate regulator must refuse to give any member of the group a Part 4A permission to carry on a core activity. (3) At the end of the period specified in subsection (1): (a) section 142H, subsections (1)(b) and (4) to (7), and, in subsection (8), the definition of “specified”, and (b) sections 142K to 142V, cease to have effect. (4) In subsection (1) “the relevant commencement date” means the day appointed for the coming into force of section 4 of the Financial Services (Banking Reform) Act 2013 so far as it inserts this section.” The House divided:

The Not Contents have it

Majority 9

Contents: 220 Not Contents: 229

At a glance The Not Contents won by a margin of 9 votes. The Government's position was Not Content, and it won.

How the parties voted

Contents

Labour 163
Crossbench 43
Non-affiliated 11
Plaid Cymru 1
Democratic Unionist Party 1
Independent Labour 1

Not Contents

Conservative 132
Liberal Democrat 60
Crossbench 23
Non-affiliated 10
Independent Ulster Unionist 1
Ulster Unionist Party 1
Lord Speaker 1
Labour 1

The party breakdowns are our own analysis of the official voting records (recorded votes only; they do not describe the formal whip). How we work this out.

Peers attend divisions ad hoc, so there is no did-not-vote list. Tellers are counted in the Content and Not Content totals, unlike in the Commons.

Tellers: Lord Bassam of Brighton (Content), Lord Tunnicliffe (Content), Baroness Anelay of St Johns (Not Content), Lord Newby (Not Content).

Every vote

Contents (218)

Not Contents (227)

Tellers (4)

Source: the official Lords division record.